TORONTO, ONTARIO--(Marketwire - Dec. 20, 2012) -
NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Urbana Corporation ("Urbana") (URB.TO)(TSX:URB.A) is very pleased with the announcement that the IntercontinentalExchange ("ICE") has agreed to buy NYSE Euronext ("NYX") in a stock and cash transaction valued at US$8.2 billion, or US$33.12 a share.
After the Chicago Board Options Exchange ("CBOE"), NYX is Urbana's second largest holding. Urbana owns 1,650,000 NYX shares worth US$39 million prior to the transaction.
At the announced price, the proposed NYX/ICE transaction adds US$15 million to the value of Urbana's portfolio.
Thomas S. Caldwell, C.M. President