After 200-plus years of independent operation, the New York Stock exchange will be sold to an upstart rival for $8.2 billion.
The rumored acquisition is a done deal, according to this morning’s official press release.
Atlanta-based IntercontinentalExchange will buy NYSE Euronext for $33.12 per share in stock and cash.
According to the New York Times:
The takeover signals the revival of consolidation within the world of market operators, after a wave of deals dissipated amid concerns over antitrust and nationalist sentiment.
In 2011 IntercontinentalExchange partnered with Nasdaq OMX Group in a failed $11 billion hostile bid to take over the exchange. And earlier this year, “European regulators blocked Deutsche Boerse AG from buying NYSE Euronext,” reports AP.