IntercontinentalExchange, Inc. today announced that it has entered into an amended definitive agreement to acquire the Winnipeg Commodity Exchange.

WCE Holdings Inc. owns the Winnipeg Commodity Exchange Inc., the WCE Clearing Corporation, the Canadian Climate Exchange Inc. and the WCE Industry Services Corporation.

The purchase price for the transaction is $77.59 (Canadian dollars) per common share or $50 million in total.

The transaction is proceeding by way of plan of arrangement and is subject to approval of WCE shareholders, approval of the Manitoba Securities Commission, which serves as the exchange’s primary regulator, and other conditions which are customary in transactions of this nature.

Upon the close of the transaction, WCE will be a wholly-owned subsidiary of ICE. ICE expects to close the transaction in the third quarter.