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The Economic Times
The Economic Times

NYSE parent ICE to buy MarketAxess in $5.7 billion deal to expand fixed-income offerings

Ice MarketAxess Intercontinental Exchange LSEG

New ​York Stock Exchange parent Intercontinental Exchange said on Thursday it will acquire bond trading platform ​MarketAxess Holdings in a deal valued at $5.7 billion aimed at bolstering its fixed-income footprint.

Under the terms of the acquisition, ICE will buy all outstanding shares of the trading platform for $167 each in cash, the exchange operator said, which is a 33% premium to its previous closing ‌price.

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