Black Knight stock rallies as it agrees to sell Optimal Blue unit to clear way for ICE merger
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Dow Jones
Black Knight Inc.'s (BKI) stock was up 14% in premarket trades on Monday after the company said it agreed to sell its Optimal Blue unit for $700 million to Constellation Software Inc. as part of its pending merger with InterContinental Exchange (ICE). The two companies had agreed to divest Optimal Blue as part of their $13.1 billion merger announced in May, 2022, to win regulatory clearance for the deal. ICE stock was down 0.4% in premarket trades.
-Steve Gelsi
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