Potter Anderson Represents Intercontinental Exchange in $5.2 Billion Deal
Potter Anderson & Corroon LLP is serving as Delaware counsel to Intercontinental Exchange, Inc., a leading global network of exchanges and clearing houses including NYSE Group and ICE Futures exchanges, in connection with its acquisition of Interactive Data Corporation, a leading provider of financial market data, analytics and related trading solutions.
The acquisition is valued at approximately $5.2 billion, including $3.65 billion in cash and $1.55 billion in ICE common stock. The transaction is expected to build on ICE’s global market data growth strategy by expanding the markets served, adding technology platforms and increasing new data and valuation services. It is anticipated that the transaction will close by the end of the year.
The Potter Anderson team includes partners Michael B. Tumas and Michael K. Reilly, as well as associate David B. DiDonato.
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