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NYSE rejects NASDAQ-ICE bid

Comments (0) | 11 Apr 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

As expected, Big Board criticizes break-up proposal and stands by merger agreement with Deutsche Börse

NYSE Euronext has rejected the takeover proposal from NASDAQ and IntercontinentalExchange (ICE) and reaffirmed its commitment to a tie-up with Deutsche Börse.

In a statement on NYSE Euronext’s website, the exchange says the bid from NASDAQ and ICE is ‘strategically unattractive’ and contains ‘unacceptable execution risk’.

NASDAQ and ...

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