NYSE-owner ICE to buy Black Knight in $13.1 bln deal

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NYSE-owner ICE to buy Black Knight in $13.1 bln deal
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NYSE-parent Intercontinental Exchange said on Wednesday it would acquire Black Knight in a cash-and-stock deal that values the software and data analytics firm at $13.1 billion.

ICE's offer of $85 per share is a premium of nearly 34% to Black Knight's Tuesday close, and the enterprise value of the deal is about $16 billion.

Black Knight provides integrated ecosystem of software, data and analytics solutions to the real estate and housing finance markets.Register now for FREE unlimited access to Reuters.com

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