BKI - Black Knight gains amid report about potential divestures in ICE sale
- Black Knight ( NYSE: BKI ) rose 2.8% on a report that bankers have been engaged about possible divestitures as InterContinental Exchange ( NYSE: ICE ) tries to get regulator approval for acquisition. ICE rose 1.3%.
- The parties are said to be engaging with bankers on possible divestures, according to traders, who cited a CTFN report that's circulating. The item also reportedly says the asset divestiture wouldn't solve the antitrust concerns.
- The share climb comes after a Federal Trade Commission closed door meeting on Thursday, which some investors speculated might have been a vote on the ICE transaction.
- Analysts and investors have been skeptical if the deal would pass antitrust regulators since the $13 billion planned acquisition of Black Knight was announced in early May. ICE in November said it c ertified its compliance with the FTC in regards to Black Knight.
- Bank of America in a November upgrade of ICE and said that the company would likely capitulate on divesting Empower to appease potential antitrust concerns.
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Black Knight gains amid report about potential divestures in ICE sale