38% Upside To Black Knight Shareholders If Intercontinental Exchange Deal Closes
Summary
- Black Knight is being acquired by Intercontinental Exchange for $68 + 0.144 share.
- The market is very skeptical whether the deal will pass muster with regulators.
- This leaves around ~38% upside to the closing of the deal.
- I'm not convinced the downside scenarios will be all that disastrous.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of BKI, ICE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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