MarketAxess is trading 30.1% up at $163.60 after Intercontinental Exchange (ICE) announced a definitive agreement to acquire the company in an all-cash deal worth approximately $5.88 billion.
- MarketAxess will become a wholly owned subsidiary of ICE, integrating its electronic trading platform into the ICE ecosystem.
- The news has sparked heavy pre-market interest, with shares sharply repricing as investors adjust to the confirmed takeover valuation and strategic implications.