NYSE Rejects $11.3B Nasdaq-ICE Bid

The board ofNYSE Euronexthas discarded an unsolicited takeover offer fromNasdaq OMX Groupand theIntercontinentalExchange(ICE). NYSE has chosen its deal withDeutsche Boerseover the $11.3 billion Nasdaq-ICE offer, addsReuters.

The $10.2 billion Deutsche deal, which was previously announced in February, will create the world’s biggest exchange operator. Under the rejected Nasdaq-ICE proposal, Nasdaq would take NYSE’s stock-trading businesses and ICE would acquire the London-based derivatives divisions.

Click here for the release fromDeutsche Boerse Group.

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