ICE falls as co agrees with FTC to dismiss court case against proposed BKI deal

Black Knight

07/08/2023 13:20

** Shares of NYSE parent Intercontinental Exchange  ICE.N 
fall 2.6% to $111 premarket
    ** ICE and Black Knight  BKI.N  say they have agreed with
the U.S. Federal Trade Commission (FTC) to dismiss a federal
court case against their proposed deal
    ** Joint agreement dissolves a temporary restraining order
against ICE's $11.7 bln proposed buyout of Black Knight
    ** The agreement comes a month after Black Knight agreed to
sell a second unit to soothe regulatory concerns over the
proposed buyout by ICE
    ** YTD, ICE share are up ~11.12%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))