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3XSQ: ICE to buy NYSE Euronext for $8.2 billion

Thursday, December 20, 2012 - 03:11

Dec 20 - ICE said the deal amounts to $33.12 per share and once closed, NYSE shareholders would own approximately 36 percent of ICE shares.

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Ahead they'll when he gets on ice and ice. You won't believe what happened at 41 below. Has this Thursday from the Reuters world headquarters in New York. Are you ready for another stock exchange merger. This time the IntercontinentalExchange. The ice buying the New York Stock Exchange Euronext. Eight billion dollar deal helped the commodities player take on arch rival CME group. It comes after an attempt to merge the NYSE. With the Deutsche reports and with the ice and NASDAQ. Companies haven't disclosed the name yet. Few suggestions how about nice. I see. Nice yes or even sick any. Not any worse than some of the names that come up -- we're thinking at you know price Waterhouse Coopers. The offer works out to 3312. Per NYSE share that stock is now about thirty to 89 while the ice is up. Elect for the US economy which is our daily digit three point 1%. The final reading of third quarter GDP. That's above the estimate and the first time GDP has exceeded 3%. Since the fourth quarter of last year when it actually topped 4%. Exports helping the cause corporate profit down from the previous revision. Once sort of wrote for the US economy remain housing that's pushing up KB home. The home -- quarterly revenue backlog jumped to its highest level since the start of the financial crisis. Orders rising for the third straight quarter selling prices climbing 14%. Quarterly profit. Beating expectations. Shares trading near -- 2012 high at 1730. Reached in October. KB home going up our power play there today driving a stock down. It's activist investor William Ackerman who confirmed yesterday he's betting against the stock Herbalife sending shares of the weight management company reeling. Act went too -- now has reasons attic conference today. Herbalife CEO Michael Johnson going pound for pound enough by saying on CNBC at the United States quote. Would be better when bill act is gone. Herbalife stock hit hard Wednesday closing at 3734. Right now it's down at 36 avenue Q. And finally taking white Christmas to the extreme. Inside the hearing at us and demonstrate what happens at 41 below -- very called ten that would Celsius Fahrenheit and -- what's possible in the air. This pot of hot. In hot water. -- as a hurry -- -- droplets. That is weighing cool. That -- That is the latest three Times Square this Thursday you could follow us on Twitter actually it insider. And check out our players you think that there's dot com slash latest. I'm Lisa Bernhard this is.

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3XSQ: ICE to buy NYSE Euronext for $8.2 billion

Thursday, December 20, 2012 - 03:11

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