NYSE ICE Merger To Be Approved By Year End – ValueWalk Premium

NYSE ICE Merger To Be Approved By Year End

NYSE ICE Merger To Be Approved By Year End

New York Stock Exchange ((NYSE Euronext (NYSE:NYX)) CEO Duncan Niederauer spoke with FOX Business Network’s (FBN) Liz Claman today at the World Economic Forum in Davos, Switzerland about when the partnership deal with IntercontinentalExchange Inc (NYSE:ICE) will be approved by regulators. Niederauer said, “The outside lawyers are telling me end of the year” and that “I’m more hopeful” that it will be a“Q3 event this year.”

On a realistic timeframe of approval for the NYSE Euronext (NYSE:NYX)-ICE deal:

“The outside lawyers are telling me end of the year. I think that’s as long as the DB deal took to get a probation and it went to the fullest extent of a phase two review, so I’m more hopeful that’s it’s kind of a Q3 event this year. That’s what we are hoping for.”


On whether there are any stumbling blocks to get over for deal approval:

“I am happy to report there aren't nearly the stumbling blocks that there were in the last one… I think the last thing I would of recommended is that we engage in another transaction that had a lot of execution risk attended to it – we’ve only got initial readings so far obviously. We only announced the deal a month ago, but I think the regulators  are already  appreciating that there is so little overlap in these two companies. We think the path is a lot smoother and less controversial. I hope we’re right, we’ll find out soon enough.”


On the optimistic tone at the World Economic Forum:

“Yes, it's three full days here.  But I'm leaving here feeling more optimistic than any other Davos I've ever left… It’s balanced.  It's not effervescent; it's not over the top, you know, people aren't euphoric.  They're a lot more balanced and constructive than any other year I've been here.  And this is – can be a pretty pessimistic place.  And they focus more on gloom and doom sometimes.  I am coming out of here with a lot of optimism.  So I hope that's right.”


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