NYSE Euronext (NYSE: NYX) announced today that its Board of Directors, consistent with its fiduciary duties and advised by its independent financial and legal advisors, has unanimously reaffirmed the previously announced combination agreement with Deutsche Boerse AG (XETRA:DB1) and rejected the unsolicited and highly conditional proposal by NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) and IntercontinentalExchange, Inc. (NYSE: ICE) to break up NYSE Euronext.Read the full press release here.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Sunday, April 10, 2011
NYSE Rejects NASDAQ Takeover Bid
Posted By Milton Recht
From NYSE Euronext April 10, 2011, Press Release:
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