ICE Nabs Singapore Exchange After Sealing $11B NYSE Buy

Law360, New York (November 19, 2013, 12:13 PM EST) -- Less than a week after clinching final approval of an $11 billion takeover of NYSE Euronext Inc., IntercontinentalExchange Group Inc. announced plans to pick up the Singapore Mercantile Exchange and its clearing house in an all-cash transaction, according to a Tuesday statement.

Though the global exchange and clearing house network did not specify the financial terms of the agreement, several media outlets have valued the deal at $150 million.

ICE's takeover of Singapore Mercantile Exchange, or SMX, and its wholly owned subsidiary, SMX Clearing Corp., provides...
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