IntercontinentalExchange Inc. (ICE) pushed back the date it
intends to close on the company's acquisition of NYSE Euronext
(NYX), as the exchange operator moved to provide European
regulators more time to sign off on the deal.
The approvals from European regulators are the final step in
securing a deal valued at about $10 billion that would create a new
exchange giant, running one of the world's largest derivatives
franchises and the U.S. stock-market business of the New York Stock
Exchange.
Previously, ICE had expected the merger would close on Nov. 4.
But just days before that date, the company said the deal's closure
will come "to a later date to be announced."
ICE and NYSE haven't extended the election deadline for
shareholders to make merger consideration elections and/or cash
consideration, which remains at 5 p.m. Eastern time on
Thursday.
ICE and NYSE had previously warned that the Nov. 4 closing date
could be extended as they await approvals from national European
regulators and financial authorities.
Both firms' shares were unchanged in after-hours trading.
--Jacob Bunge contributed to this article
Write to John Kell at john.kell@wsj.com
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