BKI - Black Knight jumps on report of Intercontinental Exchange takeover interest (update)

Update 3:03pm: Updates to show ICE, BKI halted. Black Knight (NYSE:BKI) rose 9.4% after a report that Intercontinental Exchange (NYSE:ICE) is said to weight a potential purchase of the mortgage-lending software company. ICE fell 4.6%. Black Knight and ICE have been halted for news pending. The companies may come to a deal in the coming weeks, according to traders, who cited a Bloomberg report. The companies may not come to an agreement, BKI may find a different suitor or decide not to sell itself. The news comes after Bloomberg last month reported that Black Knight (BKI) was considering a potential sale after garnering takeover interest. Private equity firms were said to be weighing offers for BKI. Last month Truist analyst Andrew Jeffrey said Black Knight Inc. (BKI) may be valued at $80-$85/share in a takeout.  He said that the most likely buyer for BKI is a private equity firm as there are no obvious strategic partners. Recall

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Black Knight jumps on report of Intercontinental Exchange takeover interest (update)