IntercontinentalExchange Inc. has cleared another hurdle in its bid to acquire NYSE Euronext Inc., with the Atlanta-based company’s shareholders showing near-unanimous support for the deal at a special meeting June 3.
ICE announced the proposed $8.2 billion acquisition Dec. 20. While it has received the go-ahead from shareholders and full support from the both companies’ boards of directors, the deal still faces approval by regulatory bodies in the United States and Europe.
ICE filed documents with the U.S. Securities and Exchange Commission in January and said at the time that it intended to send similar documents to the European Commission by July.
Three local professors told Global Atlanta in January that the deal was likely to be approved, despite the myriad regulatory challenges and a record of government intervention in similar deals in the past.
Read more: Local Experts: ICE’s Bid for NYSE Likely to Be Approved
