ICE, Black Knight agree with FTC to dismiss court case against proposed deal (updated)

Black Knight

07/08/2023 12:46

(Adds background on Black Knight divestiture)
       Aug 7 (Reuters) - Intercontinental Exchange (ICE)
 ICE.N  and mortgage data vendor Black Knight  BKI.N  said on
Monday they have agreed with the U.S. Federal Trade Commission
(FTC) to dismiss a federal court case against their proposed
deal.
        The joint stipulation dissolves a temporary restraining
order against ICE's $11.7 billion proposed buyout of Black
Knight, allowing the companies and the FTC to continue working
toward a final settlement agreement, the companies said.
        The agreement comes a month after Black Knight 
    agreed to sell
     a second unit to soothe regulatory concerns over its $11.7
billion proposed buyout by ICE.
  
        
  

 (Reporting by Niket Nishant in Bengaluru; Editing by Nivedita
Bhattacharjee)
 ((Niket.Nishant@thomsonreuters.com;))