© Reuters. FILE PHOTO: A screen displays the logo for Black Knight on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2022. REUTERS/Brendan McDermid
(Reuters) – Intercontinental Exchange (NYSE:) and mortgage data vendor Black Knight (NYSE:) said on Monday they have agreed with the U.S. Federal Trade Commission (FTC) to dismiss a federal court case against their proposed deal.
The joint stipulation dissolves a temporary restraining order against ICE’s $11.7 billion proposed buyout of Black Knight, allowing the companies and the FTC to continue working toward a final settlement agreement, the companies said.
The agreement comes a month after Black Knight agreed to sell a second unit to soothe regulatory concerns over its $11.7 billion proposed buyout by ICE.
