Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, 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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