Intercontinental Exchange Agrees to Sell Wombat Unit to SR LabsMatthew Leising
Intercontinental Exchange Inc., owner of the New York Stock Exchange, agreed to sell its Wombat technology unit to SR Labs.
ICE, as the company is known, bought NYSE Euronext in November and said at the time it would shed some of the technology units that came with the purchase. It hired Evercore Partners Inc. to help with the sales, two people with knowledge of the matter said in January. ICE said in a statement today that Evercore was its sole financial adviser on the deal.
The price SR Labs is paying wasn’t disclosed. The transaction is expected to close in the third quarter, Atlanta-based ICE said in the statement.