MarketAxess shareholders approved the merger agreement with Intercontinental Exchange, with about 80% of outstanding voting power supporting it. The approval removes a major hurdle but does not complete the acquisition. Closing remains subject to customary conditions and regulatory approvals, with both companies targeting completion in the first quarter of 2027.
Key facts
Intercontinental Exchange and MarketAxess are targeting completion of their transaction in the first quarter of 2027. source
Intercontinental Exchange's acquisition of MarketAxess remains subject to customary closing conditions and remaining regulatory approvals. source