IntercontinentalExchange (ICE), an electronic energy marketplace and soft commodity exchange, has entered into an amended definitive agreement to acquire the Winnipeg Commodity Exchange (WCE), an agricultural commodity futures and options exchange in Canada.
The purchase price for the transaction is $77.59 (Canadian dollars) per common share or $50 million Canadian in the aggregate. The transaction is subject to approval of WCE shareholders and the Manitoba Securities Commission, which serves as the exchange’s primary regulator. Upon the close of the transaction, which ICE expects to occur in the third quarter of 2007, WCE will be a wholly-owned subsidiary of ICE.