IntercontinentalExchange Says NYSE Euronext Acquisition To Close Nov. 13, 2013

(RTTNews) - IntercontinentalExchange, Inc. (ICE) announced timeline for completing its acquisition of NYSE Euronext (NYX). ICE and NYSE Euronext now have all regulatory approvals necessary to proceed with closing their previously announced transaction and intend to close the transaction on November 13, 2013.

The company stated that Trading in IntercontinentalExchange, Inc. stock and NYSE Euronext stock will cease at the end of the trading day on November 12, 2013 and trading in IntercontinentalExchange Group, Inc. stock will begin on November 13, 2013 under the ticker symbol "ICE" and will continue to trade on the New York Stock Exchange. The new ICE stock CUSIP number will be 45866F 104.

Under the terms of the Merger Agreement, shareholders of NYSE Euronext had the option to elect to receive for each share of NYSE Euronext common stock a number of validly issued, fully paid and non-assessable shares of the company's common stock, par value $0.01 per share equal to 0.1703 and an amount of cash equal to $11.27, without interest.

Also, an amount in cash equal to $33.12, without interest or a number of ICE Group Shares equal to 0.2581.

IntercontinentalExchange said as previously announced, because the Stock Consideration option was substantially oversubscribed, the consideration to be received by the holders who elected the Stock Consideration was prorated pursuant to the terms of the Merger Agreement.