Securities Law Prof Blog

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

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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. 

http://lawprofessors.typepad.com/securities/2011/04/nasdaq-and-ice-bid-for-nyse-euronext.html

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