This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IntercontinentalExchange And NYSE Euronext Announce Preliminary Shareholder Merger Consideration Election Results

ATLANTA and NEW YORK, Nov. 1, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, and NYSE Euronext (NYSE: NYX), today announced the preliminary results of the elections made by shareholders of NYX regarding their preference as to the form of merger consideration they will receive in connection with ICE's pending acquisition of NYX, which is currently expected to be effective within two business days after receipt of the final regulatory approvals, which ICE and NYX expect to receive in the coming days.

As previously announced, under the terms of the Amended and Restated Agreement and Plan of Merger, dated as of March 19, 2013 (the "Merger Agreement"), by and among NYX, ICE, IntercontinentalExchange Group, Inc. ("ICE Group"), Braves Merger Sub, Inc., and NYSE Euronext Holdings LLC (f/k/a Baseball Merger Sub, LLC), subject to proration, allocation and certain limitations set forth in the Merger Agreement, shareholders of NYX had the option to elect to receive for each share of NYX common stock (except for excluded shares and dissenting shares as more particularly set forth in the Merger Agreement):
  • a number of validly issued, fully paid and non-assessable shares of common stock of ICE Group, par value $0.01 per share (each, an "ICE Group Share") equal to 0.1703 and an amount of cash equal to $11.27, without interest (together, the "Standard Consideration");
  • an amount in cash equal to $33.12, without interest (the "Cash Consideration"); or
  • a number of ICE Group Shares equal to 0.2581 (the "Stock Consideration"). 

Based on available information as of 5:00 p.m., New York City time, on October 31, 2013 (the "Election Deadline"), the preliminary merger consideration election results were as follows:
  • Holders of approximately 2.78% of the outstanding shares of NYX common stock, or 6,763,293 shares of common stock, elected the Standard Consideration. 
  • Holders of approximately 0.43% of the outstanding shares of NYX common stock, or 1,051,893 shares of common stock, elected the Cash Consideration. 
  • Holders of approximately 81.74% of the outstanding shares of NYX common stock, or 198,874,449 shares of common stock, elected the Stock Consideration. 

Holders of approximately 15.04% of the outstanding shares of NYX common stock, or 36,602,258 shares of common stock, failed to make a valid election prior to the Election Deadline, and therefore are deemed to have elected the Standard Consideration.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.01 -1.20%
FB $118.06 0.54%
GOOG $695.70 0.48%
TSLA $226.77 -2.40%
YHOO $37.40 3.90%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs