Mergers & Acquisitions ·
MarketAxess supplements proxy statement with financial projections and negotiation details ahead of ICE merger vote
MKTXMarketaxess Holdings Inc
MarketAxess Holdings Inc. filed an 8-K to voluntarily amend its definitive proxy statement, adding supplemental disclosures regarding the proposed $167-per-share acquisition by Intercontinental Exchange (ICE). The filing reveals that ICE submitted a non-binding offer of $175 per share on May 27, 2026, which was rejected before being revised down to $167 per share in July. The amendment includes detailed financial projections showing base case revenue growing from $886 million in 2026 to $1.2 billion by 2031, alongside a breakdown of J.P. Morgan's valuation analysis and fee structure. These disclosures aim to moot stockholder litigation alleging incomplete information about the merger process. MarketAxess operates an electronic trading platform for fixed-income securities.