Black Knight Shares Climb 18% on Sale to Intercontinental Exchange
May 04 2022 - 3:11PM
Dow Jones News
By Josh Beckerman
Black Knight Inc. shares were recently up 18% to $75.17 as
Intercontinental Exchange Inc. agreed to buy the software, data and
analytics company for $85 a share.
Shares were briefly paused due to volatility Tuesday afternoon
and later halted for pending news in advance of the deal
announcement. Bloomberg reported Tuesday afternoon that ICE was
considering a deal for Black Knight and reported last month that
Black Knight had received takeover interest.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 04, 2022 15:56 ET (19:56 GMT)
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