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NYSE Rejects $11.2B NASDAQ, ICE Bid

The board of NYSE Euronext has rejected an offer from NASDAQ OMX Group and IntercontinentalExchange.

    The board ofNYSE Euronexthas rejected an offer fromNASDAQ OMX GroupandIntercontinentalExchange(ICE). The board has also reaffirmed its merger agreement withDeutsche Boerse.

    NYSE Euronext’s financial advisers arePerella Weinberg Partners,BNP Paribas,Goldman SachsandMorgan Stanley. NASDAQ and ICE had sweetened their offer to $11.2 billion for NYSE, addsThe New York Times.

    Click here for the release fromNYSE Euronext.

    Click here for additional coverage fromThe New York Times.

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