ICE, Black Knight Officially Respond To FTC Bid To Block Merger
Companies say planned sale of Black Knight's Empower LOS resolves any antitrust concerns.
Companies say planned sale of Black Knight's Empower LOS resolves any antitrust concerns.
Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'
Sale intended to help ICE overcome antitrust objections to acquiring Black Knight.
Politico report says FTC has antitrust concerns, may file lawsuit opposing acquisition.
ICE says the futures contracts will offer investors a more refined hedge to manage exposure to U.S. residential mortgage rates.