Securities Law Prof Blog

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

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Monday, May 9, 2011

NASDAQ/ICE Press Case to NYSE Shareholders

NASDAQ/ICE continue to press their case for merger directly to the NYSE Euronext shareholders, issuing a letter today asking:

What's the Rush?

-- Why are NYSE Euronext stockholders being asked to approve a high-risk, low-value transaction without all of the facts?

-- Why is your board rushing you into a vote?

NYSE Euronext shareholders as of today's date will be eligible to vote on the merger with Deutsche Boerse at a special shareholders meeting scheduled for July 7.

-- And why are they refusing to even meet with NASDAQ OMX and ICE to explore a clearly financially superior alternative?

http://lawprofessors.typepad.com/securities/2011/05/nasdaqice-press-case-to-nyse-shareholders.html

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