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Tuesday, February 15, 2011

More bids for NYSE unlikely, says ex-CBOT chief, (NYSE: NYX), (NASDAQ: CME)

NYSE Euronext (NYX.N), which on Tuesday agreed to a $10.2 billion takeover by Germany's Deutsche Boerse AG (DB1Gn.DE), is unlikely to be the target of a bidding war, according to a veteran of the last bidding war for a U.S. bourse. "I don't see any comparable situation," said Bernard Dan, who headed the Chicago Board of Trade in 2006-2007 when it drew competing bids from CME Group Inc (CME.O) and IntercontinentalExchange Inc. CME ultimately acquired CBOT, but only after boosting its bid several times to win the backing of key shareholders.