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Wednesday, April 6, 2011

D.Boerse will not raise NYSE bid -source, (NYSE: NYX), (NASDAQ: NDAQ), (NYSE: ICE)

German exchange giant Deutsche Boerse (DB1Gn.DE) has no plans to raise its agreed $10.2 billion bid for peer NYSE Euronext (NYX.N), although its offer has been trumped by U.S. rivals, a source familiar with talks said. Deutsche Boerse's all-share bid to create the world's largest exchange operator was topped last week by a $11.3 billion unsolicited offer from Nasdaq OMX (NDAQ.O) and IntercontinentalExchange (ICE.N) of the United States. But the source said on Wednesday: "There are no plans to increase what Deutsche Boerse has already offered."

Source