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NYSE parent to buy Chicago Stock Exchange

from The Wall Street Journal

The owner of the New York Stock Exchange has reached a deal to buy the struggling Chicago Stock Exchange, after a two-year acquisition effort from a Chinese-led investor group failed. Intercontinental Exchange Inc., known as ICE, didn’t disclose the terms of the transaction. Last month, the Chicago exchange ended an effort to sell itself to the investor group for around $20 million after the Securities and Exchange Commission blocked the deal. more

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