Black Knight stock rallies as it agrees to sell Optimal Blue unit to clear way for ICE merger

Black Knight Inc.’s
BKI,
+14.19%
stock was up 14% in premarket trades on Monday after the company said it agreed to sell its Optimal Blue unit for $700 million to Constellation Software Inc.
CSU,
+0.73%
as part of its pending merger with InterContinental Exchange
ICE,
-0.93%.
The two companies had agreed to divest Optimal Blue as part of their $13.1 billion merger announced in May, 2022, to win regulatory clearance for the deal. ICE stock was down 0.4% in premarket trades.