(Reuters) -NYSE parent Intercontinental Exchange is in talks to buy Enverus in a deal that would value the energy data and analytics specialist firm at $6 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. A final agreement has not been reached and discussions could still end without a deal, the report […]
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NYSE parent ICE in talks to buy Enverus at $6 billion valuation, Bloomberg reports
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(Reuters) -NYSE parent Intercontinental Exchange is in talks to buy Enverus in a deal that would value the energy data and analytics specialist firm at $6 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.
A final agreement has not been reached and discussions could still end without a deal, the report added.
Mergers and acquisitions activity is expected to gain momentum in the second half of the year, driven by a softer U.S. stance on trade and expectations of lower interest rates, which are bolstering executive sentiment.
ICE and Enverus did not immediately respond to Reuters’ requests for comment.
(Reporting by Ateev Bhandari in Bengaluru; Editing by Mohammed Safi Shamsi)