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NYSE-owner ICE to buy Black Knight in $13.1 billion deal -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: A display screen shows the ticker image and emblem for Intercontinental Trade Inc. (ICE) on the ground of the New York Inventory Trade (NYSE), March 1, 2016. REUTERS/Brendan McDermid

(Reuters) – NYSE-parent Intercontinental Trade (NYSE:) mentioned on Wednesday it will purchase Black Knight (NYSE:) in a cash-and-stock deal that values the software program and knowledge analytics agency at $13.1 billion.

ICE’s supply of $85 per share is a premium of almost 34% to Black Knight’s Tuesday shut, and the enterprise worth of the deal is about $16 billion.

Black Knight supplies built-in ecosystem of software program, knowledge and analytics options to the true property and housing finance markets.

The businesses count on the transaction to shut within the first half of 2023.

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