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Ice for 8. 2 billion in cash and stock. David is here to break it down. Go through some of the numbers four. The deal itself having been officially announced in the last half hour or so board signing off, call it about 8 a. M. Eastern time. My sources tell me this all began a couple of months back when jeffrey spraker, the ceo of ice approached duncan niederauer, the ceo of the Stock Exchange about a potential deal. Looking forward hearing from both men later in the program. As for the deal itself, if youre a new york Stock Exchange shareholder, mr. Spreker built this account the past decade. 36 of the combined company will be controlled by current new york Stock Exchange shareholders. You get a premium. Also an opportunity to participate in the continued growth of what will be a trading ba he months. They trade stocks. ....
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Yourself, sure, we want to look at big numbers. anything that starts with a t is going to capture interest. but you have to ask yourself, what are these investments going for? and the president very correctly talked yesterday about generational investments, transformational investments, investments that have a lasting impact on not just pulling forward a robust economic recovery by the way you can see all aurn us now, but getting to the other side of this duel health economic crisis and building back beret resilient robust inclusive recovery that invests and advance manufacturing and infrastructure that makes us a world player, a world competer in electric vehicles and advance badry production. that s what this budget is going to be talking about. and investment fiscally responsible, by the way, you re just talking about the outlay side. you also have to look at the revenue side. a fiscally responsible budget that gets us to the other side of this crisis but finally ....