U.S. FTC Agrees to Dismiss a Case Against ICE’s $11.7 Billion Deal for Black Knight

The U.S. Federal Trade Commission (FTC) has agreed to dismiss a federal court case against Intercontinental Exchange’s (ICE) $11.7 billion proposed acquisition of Black Knight, easing the regulatory path for the companies to close their deal.

On Monday, New York Stock Exchange-owner ICE and mortgage data vendor Black Knight said the joint agreement will allow them to continue working toward a final settlement agreement with the FTC.

Shares of Black Knight rose 4.7% to $74.89 in premarket trading. They have gained over 12% since the deal was first announced in May, as of their last close.

Read the source article at Reuters