Nyse: owner ICE to buy Black Knight in $13.1 bln deal (updated)

Black Knight

04/05/2022 20:29

(Adds details)
    May 4 (Reuters) - NYSE-parent Intercontinental Exchange
 ICE.N  said on Wednesday it would acquire Black Knight  BKI.N 
in a cash-and-stock deal that values the software and data
analytics firm at $13.1 billion.
    ICE's offer of $85 per share is a premium of nearly 34% to
Black Knight's Tuesday close, and the enterprise value of the
deal is about $16 billion.
    Black Knight provides integrated ecosystem of software, data
and analytics solutions to the real estate and housing finance
markets.     
    The companies expect the transaction to close in the first
half of 2023. 

 (Reporting by Manya Saini in Bengaluru; Editing by Anil
D'Silva)
 ((Manya.Saini@thomsonreuters.com;))