Mergers & Acquisitions ·
MarketAxess Holdings Inc. entered into a definitive Agreement and Plan of Merger with Intercontinental Exchange, Inc.…
MKTXMarketaxess Holdings Inc
MarketAxess Holdings Inc. entered into a definitive Agreement and Plan of Merger with Intercontinental Exchange, Inc., under which ICE will acquire MarketAxess for $167.00 per share in cash. The transaction values the company at an equity value of approximately $6.0 billion and a total enterprise value of approximately $5.7 billion, representing a 33% premium to MarketAxess’s closing price on July 29, 2026. ICE will finance the all-cash deal through newly issued debt. The Board of Directors unanimously approved the merger and recommended stockholder adoption. Key executives, including CEO Christopher Concannon, CFO Ilene Fiszel Bieler, and General Counsel Scott Pintoff, have amended their severance agreements to include change-of-control protections such as accelerated vesting and lump-sum payments. The transaction is expected to close in the first half of 2027, subject to MarketAxess stockholder approval, Hart-Scott-Rodino antitrust clearance, and other customary conditions. MarketAxess Holdings Inc. operates a leading electronic trading platform for global institutional fixed income markets.