UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
On September 15, 2023, Intercontinental Exchange, Inc., a Delaware corporation (“ICE”), issued a press release announcing that, in connection with its previously announced acquisition of Black Knight, Inc., a Delaware corporation (“Black Knight”), it has completed the sale of Black Knight’s Optimal Blue and Empower loan origination system (LOS) businesses (collectively, the “Divested Businesses”) to subsidiaries of Constellation Software, Inc.
As previously announced, the divestitures of the Divested Businesses helped to secure regulatory clearance from the U.S. Federal Trade Commission (the “FTC”) for ICE’s acquisition of Black Knight. The terms of ICE’s agreement with the FTC required the sale of the Divested Businesses within 20 days of the completion of ICE’s acquisition of Black Knight, which occurred on September 5, 2023.
A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit |
Description | |
| 99.1 | Press Release, dated as of September 15, 2023, issued by Intercontinental Exchange, Inc. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| INTERCONTINENTAL EXCHANGE, INC. | ||
| By: | /s/ Andrew J. Surdykowski | |
| Andrew J. Surdykowski | ||
| General Counsel | ||
Dated: September 15, 2023
Exhibit 99.1
Intercontinental Exchange Completes Sale of Optimal Blue
and Empower LOS Businesses to Constellation Software Inc.
ATLANTA & NEW YORK & JACKSONVILLE, Fla., – September 15, 2023 – Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced that, in connection with its acquisition of Black Knight, it has completed the sale of Black Knight’s Optimal Blue and Empower loan origination system (LOS) businesses to subsidiaries of Constellation Software Inc. (TSX: CSU).
As previously announced, the divestitures of the Black Knight assets helped to secure regulatory clearance from the U.S. Federal Trade Commission (FTC) for ICE’s acquisition of Black Knight. The terms of ICE’s agreement with the FTC required the sale of those assets within 20 days of the close of the Black Knight acquisition, which occurred on September 5.
ICE plans to hold a conference call with investors to discuss its go-forward plans for ICE Mortgage Technology on September 28 at 8:30 a.m. ET. A live audio webcast of the conference call will be available on the company’s website at www.ice.com in the investor relations section. Participants may also listen via telephone by dialing 833-470-1428 from the United States or 929-526-1599 from outside of the United States. Telephone participants are required to provide the participant entry number 800389 and are recommended to call 10 minutes prior to the start of the call. The call will be archived on the company’s website for replay.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Category: Mortgage Technology
SOURCE: Intercontinental Exchange
ICE-CORP
ICE Media Contact:
Josh King
josh.king@ice.com
(212) 656-2490
Damon Leavell
damon.leavell@ice.com
(212) 323-8587
media@ice.com
ICE Investor Contact:
Katia Gonzalez
katia.gonzalez@ice.com
(678) 981-3882
investors@ice.com
Document and Entity Information |
Sep. 15, 2023 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001571949 |
| Document Type | 8-K |
| Document Period End Date | Sep. 15, 2023 |
| Entity Registrant Name | INTERCONTINENTAL EXCHANGE, INC. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-36198 |
| Entity Tax Identification Number | 46-2286804 |
| Entity Address, Address Line One | 5660 New Northside Drive |
| Entity Address, Address Line Two | Third Floor |
| Entity Address, City or Town | Atlanta |
| Entity Address, State or Province | GA |
| Entity Address, Postal Zip Code | 30328 |
| City Area Code | (770) |
| Local Phone Number | 857-4700 |
| Security 12b Title | Common Stock, $0.01 par value per share |
| Trading Symbol | ICE |
| Security Exchange Name | NYSE |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | false |
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