On July 29, 2026, Intercontinental Exchange (ICE) entered into a definitive agreement to acquire MarketAxess Holdings Inc. for $167.00 per share in cash, representing an equity value of approximately $6.0 billion and a total enterprise value of approximately $5.7 billion. The transaction is expected to be accretive to adjusted earnings per share in the first year following close and anticipates $100 million in annual run-rate expense synergies. ICE secured a 364-day senior unsecured bridge facility from Bank of America not to exceed $6.25 billion as backup financing. The deal requires approval from MarketAxess stockholders and regulatory clearances, including Hart-Scott-Rodino, with an expected closing in the first half of 2027. ICE operates financial market technology and data services across major asset classes, including equity, fixed income, and energy exchanges.
