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Keyword: icenasdaq

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  • NYSE rejects ICE-NASDAQ buyout, sticks with the offer from Deutsche Börse

    04/11/2011 9:27:43 AM PDT · by SeekAndFind · 2 replies
    NYSE Euronext has rejected an $11.3 billion buyout offer made by Atlanta-based IntercontinentalExchange Inc. and NASDAQ OMX. ICE (NYSE: ICE) and NASDAQ (NASDAQ: NDAQ) said in a joint statement NYSE Euronext's board of directors “without engaging in any dialogue or discussion, has summarily elected to deny its stockholders the opportunity to benefit from a clearly superior proposal to the announced transaction with Deutsche Börse, a proposed transaction that is indisputably financially inferior.” The NASDAQ-ICE bid for the New York Stock Exchange is in competition with a $10.2 billion offer made by Deutsche Börse AG, Germany’s biggest exchange. The two also...