ICE Statement on Definitive Agreement to Acquire Winnipeg Commodity Exchange
ATLANTA, July 17 /-- IntercontinentalExchange, Inc. (NYSE:ICE) issued the following statement today regarding its definitive agreement reached in June to acquire the Winnipeg Commodity Exchange (WCE):
ICE is aware of the preliminary third party proposal made to the Winnipeg Commodity Exchange. ICE and WCE remain parties to a binding Arrangement Agreement which provides ICE with, among other rights, the right to match any competing proposal if ICE determines to do so based upon its assessment of the value of WCE to ICE's broader business. As the leading global operator of combined futures and OTC markets, ICE offers an unparalleled technology platform and value proposition through its diverse energy and agricultural markets on a common platform. Through experience in acquisitions and integration, ICE has a well demonstrated ability to grow and develop existing markets, while innovating new products and serving the needs of its global customer base. As the fastest growing major exchange, ICE believes it is well positioned to support the growth of the WCE. We look forward to continuing to work with the Board of the WCE to close the transaction.
About IntercontinentalExchange
IntercontinentalExchange® (NYSE:ICE) operates the leading global, electronic marketplace for trading both futures and OTC energy contracts and the leading soft commodity exchange. ICE's markets offer access to a range of contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, in addition to currency and index futures and options. ICE® conducts its energy futures markets through its U.K. regulated London-based subsidiary, ICE Futures, Europe's leading energy exchange. ICE Futures offers liquid markets in the world's leading oil benchmarks, Brent Crude futures and West Texas Intermediate (WTI) Crude futures, trading nearly half of the world's global crude futures by volume of commodity traded. ICE conducts its agricultural commodity futures and options markets through its U.S. regulated subsidiary, the New York Board of Trade®. For more than a century, the NYBOT® has provided global markets for food, fiber and financial products. ICE was added to the Russell 1000® Index on June 30, 2006. Headquartered in Atlanta, ICE also has offices in Calgary, Chicago, Houston, London, New York and Singapore. For more information, please visit www.theice.com and www.nybot.com.
Source: IntercontinentalExchange
CONTACT: Kelly Loeffler, VP, Investor Relations & Corp. Communications of IntercontinentalExchange, +1-770-857-4726, or kelly.loeffler@theice.com; or Ellen Resnick of Crystal Clear Communications, +1-773-929-9292, or cell, +1-312-399-9295 or eresnick@crystalclearPR.com
Web site: www.theice.com/
