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ICE secures funds for LSE bid

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ICE secures funds for LSE bid

IntercontinentalExchange Inc. has obtained financing from Morgan Stanley, WellsFargo & Co. and MitsubishiUFJ Financial Group Inc. for part of the debt that will be needed tofund ICE's £10 billion takeoverbid for the ,Sky News reported April 4, citing "insiders."

ICE is reportedly considering a higher offer that could include cash.

Meanwhile, other lenders are anticipated to join the syndicatein the coming weeks as ICE finalizes its offer, according to the report.

An ICE spokeswoman declined to comment, the news publicationsaid.