 In June 2008, ICE announced that it had entered into a definitive merger agreement to acquire Creditex Group Inc. (Creditex).The transaction consideration totaled $625 million comprising approximately $565 million in ICE common stock and $60 million in cash, as well as a working capital adjustment to be finalized at closing.Upon the closing of the transaction, Creditex Group became a wholly owned subsidiary of ICE, operating under the Creditex name.