The Nasdaq and ICE Bid for the NYSE

This is getting interesting. In February, Deutsche Boerse agreed to buy the New York Stock Exchange for $9.53 billion. Now the Nasdaq has teamed up with ICE to offer a counter bid of $11.3 billion.

Under the terms of the proposed acquisition, NYSE Euronext stockholders would receive $14.24 in cash, plus 0.4069 shares of NASDAQ OMX common stock and 0.1436 shares of ICE common stock for each NYSE Euronext share.

Posted by on April 1st, 2011 at 7:58 am


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