WASHINGTON, April 10 (Reuters) – The U.S. Federal Commerce Fee opened a brand new entrance in its combat towards the Intercontinental Alternate (ICE.N) deal to purchase Black Knight (BKI.N) by asking a federal courtroom for a preliminary injunction to halt the deal whereas its inner administrative course of strikes ahead.
The company on March 9 stated it might search to cease New York Inventory Alternate guardian Intercontinental Alternate from buying mortgage information vendor Black Knight in a $13.1 billion deal.
The company stated in its criticism, filed in U.S. District Court docket in San Francisco, that the businesses deliberate to shut after a vote of Black Knight shareholders on April 28. The FTC’s administrative listening to on the deal will start on July 12.
A spokesman for ICE stated in an announcement that it appeared ahead to presenting its case in courtroom and “are assured within the final result.”
The company had stated the proposed transaction would imply greater charges, much less innovation and fewer decisions within the means of financing the acquisition of a house.
Reporting by Diane Bartz; Modifying by Mark Porter and Josie Kao
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