NEW YORK (AP) — The futures exchange IntercontinentalExchange Inc. expects to close on its proposed acquisition of exchange operator NYSE Euronext on Nov. 4.
The deal, which was announced in December, will give ICE control of the New York Stock Exchange and London-based Liffe, Europe's second-largest derivatives market. The transaction was valued at $8 billion when announced.
ICE, based in Atlanta, was an upstart at its founding in 2000 and has expanded rapidly through acquisitions over the past decade.
The combined ICE-NYSE Euronext would be the third-largest exchange group globally, behind Hong Kong Exchanges and Clearing and CME Group.
The companies said Thursday that the deal still needs to receive some European regulatory approvals before the anticipated closing date. If the approvals are not received by Nov. 4, the closing may be pushed back.