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NASDAQ, ICE Withdraw $11.3B NYSE Bid
NASDAQ OMX and the IntercontinentalExchange have dropped their takeover bid for NYSE Euronext.
NASDAQ OMXand theIntercontinentalExchange(ICE) have dropped their takeover bid forNYSE Euronext. The move follows their discussions with the antitrust division of the U.S.Department of Justice. The duo offered $11.3 billion for NYSE, addsFinextra.
As per the deal, ICE would have acquired NYSE Euronext’s futures businesses with NASDAQ OMX owning the rest, including exchanges in New York, Paris, Brussels, Amsterdam and Lisbon, as well as the U.S. options business. NASDAQ-ICE offer outbid the $9.7 billion bid made byDeutsche Boerse.
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