April 1, 2011
NASDAQ and ICE Bid for NYSE Euronext
People have been waiting for it, and today NASDAQ OMX and Intercontinental Exchange announced a joint offer for NYSE Euronext, offering $42.50 in a combination of stock and cash (14.24 cash, .4069 NASDAQ stock, .1436 ICE stock). This tops the NYSE merger proposal with Deutsche Boerse by 19%. ICE would get the derivatives business, and NASDAQ would get the rest.
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