Current value of ICE = ~$177. $177 x .1703 = $30.14. $30.13 + $11.27 = $41.41
Interestingly, 242 million shares of NYX x 0.1703 = 41.2 million, which is just under the max limit of shares of ICE to be issued to NYX holders. As Rangstrom says, the 0.1703 option will probably be the path to follow.
And just why are there 400 people working there?! Do they really need to have 400 people in the first place? Sheesh.
The property seems to have more value when they're not mucking with it! Just keep the Pd in the ground and the stock price will improve, as the company will not be bleeding money.
The company is in worse shape today than it was in - when was it? 2009? - when they simply shut down operations.
... yet it can't pull it out of the ground. What a bunch of slackers.