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ICE to buy NYSE for $8.2 billion
By The Associated Press
This article was originally published December 20, 2012 at 7:52 a.m. Updated December 20, 2012 at 11:02 a.m.
NEW YORK — The New York Stock Exchange is being sold to a rival exchange for $8.2 billion.
The buyer, IntercontinentalExchange Inc., an exchange based in Atlanta, made clear Thursday that little would change for the trading floor in Manhattan’s financial district if regulators approve the deal.
There will be dual headquarters in New York and Atlanta and ICE will open an office in Manhattan.
NYSE Chief Executive Officer Duncan Niederauer will become president of the combined company and chief executive officer of NYSE Group.
Read tomorrow's Arkansas Democrat-Gazette for full details.
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