Tuesday, October 24, 2006

Morgan Stanley Capital Lowers Stake in IntercontinentalExchange (ICE) to 4.23%

In an amended 13D filing on IntercontinentalExchange, Inc. (NYSE: ICE), Morgan Stanley Capital Group disclosed a 4.23% stake (2.4 million shares) in the company. This is down from the 7.4% stake (4.2 million shares) the firm disclosed in a past filing.

Morgan Stanley Capital made the following sales pursuant to Rule 144(k): Oct 16th 661,100 shares at $78.83 (avg price), Oct 17th 938,900 shares at $80.90 (avg price), Oct 18th 45,600 shares at $82.04 (avg price), Oct 19th 54,400 shares at $81.50 (avg price), Oct 20th 31,400 shares at $82 (avg price).

Yesterday, Goldman Sachs disclosed a lowered stake in IntercontinentalExchange. Both were initial partners in IntercontinentalExchange, a global marketplaces for trading both futures and OTC energy contracts. Both were also book-running managers of the company's IPO in 2005.

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