NEW YORK (AP) — The New York Stock Exchange is being sold to a rival exchange for about $8 billion, ending more than two centuries of independence for the iconic Big Board.
IntercontinentalExchange Inc., an upstart exchange based in Atlanta, said Thursday that NYSE Euronext Inc. shareholders can chose to receive either $33.12 in cash, .2581 IntercontinentalExchange Inc. shares, or a combination of $11.27 in cash plus .1703 shares of stock.
The deal has been approved by the boards of both companies, but would have to be approved by regulators.
Last year, IntercontinentalExchange and Nasdaq OMX Group Inc. made a failed $11 billion bid to buy NYSE Euronext.
Earlier this year, European regulators blocked Deutsche Boerse AG from buying NYSE Euronext.
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A Traffic Alert from Mercer Co. where an overturned tractor-trailer is blocking a road east of Fort Recovery.
A light drizzle of rain falling Monday morning could freeze to area roads ahead of the morning commute.
Dayton police detectives are investigating a homicide Sunday night at the newly opened truck stop on Edwin C. Moses Blvd.
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