NYSE board rejects Nasdaq and ICE in favor of Deutsche Boerse

The NYSE Euronext board said the company's merger agreement with Deutsche Boerse would be more likely to win regulatory approval than the unsolicited bid from Nasdaq OMX Group and IntercontinentalExchange. The board also said a deal with the German exchange would create more long-term value for shareholders. A Nasdaq-ICE takeover would result in layoffs, the board said.

View Full Article in:

Bloomberg · Reuters · New York Times (tiered subscription model), The · Telegraph (London) (tiered subscription model), The

Published in Brief: