They need to take leverage down. Raising cash addresses that and also allows for a big share repurchase given the valuation has fallen.
ICE is offloading investments & raising cash, which given their past may mean it's prepping for M&A. - Sold Coinbase stake for $1.2 billion - Sold Euroclear stake for $800 million - Ahead of schedule on Ellie Mae delevering Stock has underperformed YTD, could M&A be the savior?
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Liffe and the Merc finally united if so, and the great Leo Melamed’s grand vision coming to pass, if somewhat in reverse and more indirectly (being slightly mischievous here).
End of conversation
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Do you remember why they sold their stake in euroclear?
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CBOE or EBAY
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