NYSE rejects takeover offer from Nasdaq
The New York Stock Exchange Euronext said on Sunday that its board has rejected a takeover bid from the owner of Nasdaq OMX and Intercontinental Exchange(ICE).NYSE Euronext Chairman Jan Michiel Hessels said in a statement on Sunday that the Nasdaq-ICE' s 11.3-billion-dollar joint bid based on the breakup of NYSE Euronext was not in the exchange operator' s best interests.
"The highly conditional break-up proposal from Nasdaq/ICE would also require shareholders to shoulder unacceptable execution risk,
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Hessels confirmed the Deutsche Boerse deal would create more value for investors.Meanwhile,
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According to the statement addressed by Deutsche Boerse, the company "shares the view of NYSE Euronext that the agreed merger will create compelling value for shareholders of both companies."Deutsche Boerse said it has commenced regulatory proceedings and made progress on its 9.5-billion-dollar deal to merge with NYSE. The deal was announced in February,
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Nasdaq OMX and ICE on April 1 announced a joint bid to buy the NYSE Euronext, a 19 percent premium over previous offer by Germany's Deutsche Boerse.Nasdaq and ICE said in a statement that the offer would be priced at 42.50 dollars per share. According to the proposal,
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Icelanders Reject Bank Bailout Repayment Plan
Voters in Iceland have rejected a plan to repay Britain and the Netherlands $5 billion their citizens lost in a failed Icelandic bank.With most of the ballots from Saturday's referendum counted,
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Authorities say British and Dutch customers deposited $5 billion in online bank,
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