Intercontinental Exchange acquired Creditex Group Inc. for US$625 million (approximately $565 million in ICE common stock and $60 million in cash), a transaction announced in June 2008.
Acquired the credit default swap execution and processing innovator to scale ICE's OTC credit derivatives clearing and post-trade services amid rising demand for CDS processing. Announced June 3, 2008 and completed in 2008.
Acquired the credit default swap execution and processing innovator to scale ICE's OTC credit derivatives clearing and post-trade services amid rising demand for CDS processing. Announced June 3, 2008 and completed in 2008.
The transaction consideration will total $625 million comprising approximately $565 million in ICE common stock and $60 million in cash.
Advisory firms were not disclosed for this transaction.