ICE to sell 4.2 million shares to exploit waiver on lock-up to expire this month
The Intercontinental Exchange (ICE), the
global exchange and clearing house operator, plans to sell the
remaining 4.2 million shares or 6% of Euronext it still
ICE secured a waiver on a lock-up
agreement at the time of the Euronext initial public offering
in June 2014 but this was set to expire on December 21 so ICE
needed to initiate the sale of the equity stake before then or
retain the holding.
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