ICE Tweaks Structure For $8.2B NYSE Merger

Law360, New York (March 20, 2013, 3:41 PM EDT) -- IntercontinentalExchange Inc. is tweaking the structure of its $8.2 billion proposed acquisition of NYSE Euronext, adding another layer of corporate and capital markets work for Wachtell Lipton Rosen & Katz and Sullivan & Cromwell LLP, according to a Tuesday regulatory filing.

Under the original plan, ICE had planned to merge the New York Stock Exchange's parent company into a shell subsidiary, a structure known as a reverse forward merger.

But under the revised agreement filed with the U.S. Securities and Exchange Commission, the Atlanta-based exchange will...
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