Intercontinental Exchange completes acquisition of Interactive Data Corporation

Interactive Data is now a wholly-owned subsidiary of ICE, having been acquired from Silver Lake and Warburg Pincus for approximately $3.65 billion in cash and approximately 6.47 million shares of ICE common stock, which were valued at $1.55 billion on October 23, 2015, based on the 10-day trailing volume-weighted average price of the ICE common stock as of that date. Based on the 10-day trailing volume-weighted average as of December 10, 2015, the 6.47 million shares have an approximate value of $1.67 billion. ICE previously announced that it had issued $2.5 billion in senior notes relating to the cash portion of the transaction.

“Interactive Data is a cornerstone in ICE’s strategy to provide more data and valuation services to our customers around the world,” said Jeffrey C. Sprecher, ICE Chairman and CEO. “This acquisition strengthens our expertise and ability to meet the rising global demand for financial data and analysis. We look forward to building on their track record of growth, while delivering strong value to our shareholders by leveraging our experience in integration, technology and markets.”