Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data, announced that following U.S. Department of Justice clearance, the company will close its acquisition of S&P Global’s (NYSE: SPGI) Securities Evaluations (SPSE) and Credit Market Analysis (CMA), two assets within the S&P Global Market Intelligence division.
ICE expects to fund the purchase price with cash and the transaction is expected to close in October 2016, at which time SPSE and CMA will become part of ICE Data Services. ICE announced its intent to acquire the companies on March 1, 2016, with an objective to offer its customers around the world new data and valuation services.
“We believe this transaction will support ICE Data Services’ strong commitment to drive innovation and best-in-class service to meet our customers’ growing data needs,” said Lynn Martin, President and Chief Operating Officer of ICE Data Services.
Intercontinental Exchange (NYSE:ICE) operates the leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange, ICE Data Services, Interactive Data and Trayport. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the SEC on February 4, 2016.