After being “the face of capitalism” for more than 200 years, the iconic New York Stock Exchange (NYSE) will sell for approximately $8 billion to “upstart” rival IntercontinentalExchange Inc. (ICE).
ICE and NYSE Euronext, the group that runs the NYSE, announced the deal Thursday. All that’s left is for market regulators to approve the purchase.
“The buyer … made clear Thursday that little would change for the trading floor in Manhattan’s financial district if regulators approve the deal,” the Associated Press notes.
“We believe the combined company will be better positioned to compete and serve customers across a broad range of asset classes by uniting our global brands, expertise and infrastructure,” said IntercontinentalExchange Chairman and CEO Jeffrey Sprecher.
“Investors can opt for all cash, or 0.2581 IntercontinentalExchange common shares for each NYSE Euronext share or a mix of $11.27 in cash plus 0.1703 ICE shares,” the Wall Street Journal explains.
“The deal is subject to a maximum cash consideration of $2.7 billion, as ICE said it will pay out about 67% in shares and 33% in cash as part of the deal,” the report adds.
So far, the bought-out exchange’s stock is happy with the announcement: NYSE’s stock increased 31 percent to $31.51 in trading after markets opened.
Pre-NWO consolidation. Less competition. Just like the Banks being consolidated because of Dodd-Franks. Easier to nationalize when the time is right in the future. Gotta have the dominoes in place before the flick of the finger.
Maybe sooner and softer (nationalization) than we think. What if ICE defaults on this purchase? Will the Government be required to bail them out? Will the GSE be relocated to Washington, D.C., Chicago, Denver, or George Town (Grand Cayman Island)?
Like Acorn, ICE changed their name, they used to be CCX. You know, the ones that were going to trade carbon credits for Hank Paulson and Al Gore”s global warming scam. Now they own the NYSE. Good grief, what next?
Religion – done
Health – done
Energy – done
Banks – done
Military – done
NASA – done
Small business – done
Manufacturing – done
Self preservation – done
Family – done
The American way of life as we knew it – done
And this administration has four more years!?
Looks bad doesn’t it.
Well tomorrow is Friday the end of the Mayan Calendar. If (in some minds) but really when you wake up on Saturday, the world will seems a little less crazy. Also Congress will be in recess. So that means you get a break form the bad news & political theater & manipulations.
Use it. Be thankful for family & friends. Catch up on some reading or your hobby.
Obama will have about a 100 days at the start of next year. If he doesn’t get much accomplished , the shine will wear off & he will go back to the way he was the last 2 years. Fewer press conferences & more golf. If that happens 2014 will look much brighter. Hang in there.
The New York Stock Exchange is being sold to foreigners; another step in the destruction of America.
Mystery of Babylon now surfaces.Anti-christ shouldn't be to far behind in showing up.
I was thinking the same thing.
No Obama is going. He is about as worthless as a dead fish.
Don't you think your comment is a little insulting to dead fish? I've paid several dollars a pound for dead fish.
Ted I do apologize to the dead fish. Actually I cannot find any quality in Obama.
I consider him as having less value than a screen door on a submarine.
It's not over yet. There are race riots to instigate, total confiscation of our guns, elimination of the 1st and 2nd amendments except for a few groups of people, NDAA implementation, Ah yes, an illegal alien interlopers job, posing as a United States president, is never done.
Amen Patriots. It's been a good run and we tried, but this is our destiny. We live in difficult times with complicated lives & precious little to count on -- except one another and God. I'm actually praying for God's wrath and judgement ---- along with the rapture for the believers. It is going to take the wrath of God to get through to these pathetically lost people....Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap (and what a horrid mess we have sown) For he that soweth to his flesh shall of the flesh reap corruption; but he that soweth to the Spirit shall of the Spirit reap life everlasting! Galations 6:7-8 HE is coming soon.
HIS intervention will be coming down shortly just a little bit longer.Obama and gang think they're being sneaky but the LORD was reading their mail long before they were born.
Why wouldn't they sell it... It is soon to be worthless the way this moron is spending and borrowing... Such an idiot...
They on the other hand are selling before it becomes worthless like this country might be soon... GO CHANGE... thanks odumbnutzzz..... NOT.