Intercontinental Exchange Completes Sale of Optimal Blue and Empower LOS Businesses to Constellation Software Inc.
The Floridant/10245094

~ Intercontinental Exchange, Inc. (ICE) has completed the sale of Black Knight's Optimal Blue and Empower loan origination system (LOS) businesses to subsidiaries of Constellation Software Inc. (CSU). This divestiture was part of ICE's agreement with the U.S. Federal Trade Commission (FTC) in order to secure regulatory clearance for its acquisition of Black Knight, which closed on September 5th.

ICE will be hosting a conference call with investors on September 28th at 8:30 a.m. ET to discuss its go-forward plans for ICE Mortgage Technology. The call will be available via live audio webcast on the company's website at in the investor relations section, as well as by telephone by dialing 833-470-1428 from the United States or 929-526-1599 from outside of the United States. 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 afterwards.

More on The Floridant
The completion of this divestiture marks an important milestone in ICE's acquisition of Black Knight, allowing them to move forward with their plans for ICE Mortgage Technology and beyond.
Filed Under: Business

Show All News | Report Violation


Latest on The Floridant