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NASDAQ/ICE go hostile for NYSE

Comments (0) | 4 May 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

The joint bidders say they are fed up of being rebuffed by NYSE’s board over their superior offer

NASDAQ OMX and the IntercontinentalExchange (ICE) have taken their bid for NYSE Euronext direct to the exchange’s shareholders after repeatedly having their advances rejected by the target’s board.

The two bidders hope stockholders will prefer their superior cash-and-shares offer to the NYSE’s agreed all-share merger with Deutsche ...

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