It’s the end of an era: the New York Stock Exchange (NYSE) has been acquired by IntercontinentalExchange (ICE) for cash and stock worth $8.2 billion, reports Bloomberg.
The Atlanta-based ICE, a 12-year-old energy and commodities finance exchange, will be paying $33.12 per share for the NYSE, which is 38 percent above yesterday’s closing price.
NYSE’s New York headquarters will remain, and ICE will be adding an additional New York office in 2013. The ICE had previously attempted to acquire the NYSE with Nasdaq in 2011, but failed when the Justice Department denied the bid.
The acquisition is set to complete in the second half of 2013.