02-Sep-2008
Story Timeline: 91 days
September 2, 2008 (FinancialWire) -- IntercontinentalExchange (NYSE: ICE) (Current Market Cap: US$6.58 Bil.) has completed its acquisition of Creditex Group Inc., a company engaged in trade execution and processing of credit default swaps. The purchase price was $513 million, comprised of around $461 million in Ice common stock and options and $52 million in cash on hand. With Creditex in-house, Ice will offer...
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