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Monday, April 4, 2011

No D. Boerse decision on sweeter NYSE offer -sources, (NYSE: NYX), (NYSE: ICE)

Deutsche Boerse (DB1Gn.DE) is holding off any decision whether to sweeten its offer for NYSE Euronext (NYX.N), two people familiar with Deutsche Boerse's thinking said on Monday. The German exchanges operator will wait for reactions from NYSE's board and credit rating agencies to a counter-offer that Nasdaq and IntercontinentalExchange (ICE) (ICE.N) made late last week, they said. "Rating agencies as well as the NYSE Euronext board have not yet reacted to the indicative offer, so it's far too early to say what Boerse's next move will be," one of the people said. Nasdaq and ICE on Friday bid $11.3 billion for NYSE Euronext, more than Deutsche Boerse, in an effort to trump the German exchange operator's deal, and pushed their case with an appeal to U.S. patriotism. [ID:nL3E7F11TO]

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