NEW YORK (AP) — The New York Stock Exchange is being sold to a rival exchange for about $8 billion, ending more than two centuries of independence for the iconic Big Board.
IntercontinentalExchange Inc., an upstart exchange based in Atlanta, said Thursday that NYSE Euronext Inc. shareholders can chose to receive either $33.12 in cash, .2581 IntercontinentalExchange Inc. shares, or a combination of $11.27 in cash plus .1703 shares of stock.
The deal has been approved by the boards of both companies, but would have to be approved by regulators.
Last year, IntercontinentalExchange and Nasdaq OMX Group Inc. made a failed $11 billion bid to buy NYSE Euronext.
Earlier this year, European regulators blocked Deutsche Boerse AG from buying NYSE Euronext.
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TRAFFIC ALERT: Martin County Deputies are requesting travelers to avoid U.S. 231 North of Loogootee. Due to many slide off accidents, traffic is backed up over a mile in several places
Right on cue, Thursday’s early winter storm dumped snow and ice on the Wabash Valley but county highway crews were a step ahead of the weather’s arrival pre-treating the 897 miles of pavement in the county.
A fire has engulfed the First Prairie Creek Church in Vigo County.
A four car accident in eastern Vigo County leaves one person dead.
Workers at a new eatery in Terre Haute are preparing to open.
Otter Creek Township is on its way to getting a new fire station.