Intercontinental Exchange, Black Knight And Federal Trade Commission Jointly Agree To Dismiss The Preliminary Injunction Proceeding In The United States District Court Seeking To Block The Close Of Ice's Previously Announced Acquisition Of Black Knight
Portfolio Pulse from Benzinga Newsdesk
Intercontinental Exchange (ICE), Black Knight (BKI), and the Federal Trade Commission (FTC) have agreed to dismiss the preliminary injunction proceeding in the United States District Court that was seeking to block the close of ICE's previously announced acquisition of Black Knight.
August 07, 2023 | 11:32 am
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POSITIVE IMPACT
The dismissal of the injunction proceeding allows Black Knight's acquisition by Intercontinental Exchange to proceed, potentially leading to a boost in its stock price.
The dismissal of the injunction removes a significant legal hurdle for BKI's acquisition by ICE. This could potentially lead to a boost in BKI's stock price in the short term as the acquisition is likely to be viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The dismissal of the injunction proceeding allows Intercontinental Exchange to proceed with its acquisition of Black Knight, potentially leading to increased market share and revenues.
The dismissal of the injunction removes a significant legal hurdle for ICE's acquisition of BKI. This could potentially lead to increased market share and revenues for ICE, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100