The move comes a few months after ICE announced two planned divestitures of Black Knight’s Optimal Blue business and Empower loan origination system (LOS) business, intended to support the acquisition.
“This transaction will benefit ICE, Black Knight, and our collective shareholders,” ICE chief financial officer Warren Gardiner said in a statement. “Black Knight’s high-growth, recurring revenue stream will further complement our ‘all weather’ business model, while the strength of ICE’s balance sheet, and our combined cash flows, position this transaction to be accretive to adjusted earnings per share in the first full year.”
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Source: mpamag.com