BKI Stock Recent News
BKI LATEST HEADLINES
Black Knight (BKI) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.63 per share a year ago.
Investors can gain 32.5% if the merger between ICE and BKI goes through at the current price. BKI and ICE have taken significant steps to ensure the deal goes through. The FTC is unlikely to block this merger.
Black Knight's Andy Walden, VP of enterprise research, and CNBC's Diana Olick, join "The Exchange' to discuss affordability constraints weighing on market demand for housing, the weakening inventory for available homes, and buyers willing to return to the market as mortgage rates fall.
Antitrust agency's move is a setback for efforts by ICE, parent of the New York Stock Exchange, to become a bigger force in home-loan finance.
International Exchange Inc. ICE, -2.35% said Thursday it “strongly disagrees” with the Federal Trade Commission's 4-0 vote to block its acquisition of Black Knight Inc. BKI, -1.95% Earlier, the FTC said the merger of “nation's largest provider of home mortgage loan origination systems and other key lender software tools” and rival Black Knight would “drive up costs, reduce innovation, and reduce lenders' choices for tools necessary to generate and service mortgages.” ICE said the deal would “automate, streamline, and increase transparency” in the mortgage industry.
Black Knight Inc. BKI, +4.18% and Intercontinental Exchange Inc. ICE, +2.49% cut the value of their merger deal by about $1.4 billion on Tuesday after Black Knight said it's selling its Empower loan origination system to Constellation Software Inc. CSU, -1.17% to win clearance for its deal with ICE with U.S. regulators. Black Knight did not provide a purchase price for its Empower loan origination system, which includes Exchange, LendingSpace and Aiva solutions.
The U.S. Federal Trade Commission is expected to challenge Intercontinental Exchange Inc's $13 billion deal for mortgage software company Black Knight , Politico reported on Monday citing three people with direct knowledge of the matter.
On Jan. 31, hedge fund manager Michael Burry tweeted out a single word that conveyed an ominous and cryptic message: “Sell.” Shortly after, the Scion Asset Management founder deleted his tweet.
Hedge fund legend Michael Burry rose to prominence after making more than $100 million by correctly predicting the subprime mortgage crisis in 2007. In this article, Andrew Rocco will unveil Burry's latest purchases.
Black Knight is being acquired by Intercontinental Exchange for $68 + 0.144 share. The market is very skeptical about whether the deal will pass muster with regulators.