NYSE Euronext (NYX.N) Chairman Jan-Michiel Hessels called an unsolicited takeover bid by Nasdaq OMX Group (NDAQ.O) "illusory" and defended the board's decision not to engage in discussions with the rival. NYSE favors a $10.1 billion friendly deal to merge with Deutsche Boerse (DB1Gn.DE), and has twice rejected the $11.2 billion rival offer by Nasdaq and IntercontinentalExchange Inc (ICE.N) to take over the Big Board parent. NYSE has cited regulatory risks and long-term company strategy in rejecting the Nasdaq and ICE offer, and has refused to engage in discussions. Some shareholders at NYSE's annual meeting on Thursday urged the company to talk with the rival bidders and also sweeten the terms of their existing deal with Deutsche Boerse. Eight out of nine investors polled this week by Reuters said NYSE should at least talk to Nasdaq and ICE about their bid.
NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX traded higher by 0.71% or $0.28/share to $39.67. In the past year, the shares have traded as low as $26.42 and as high as $39.99. On average, 6037150 shares of NYX exchange hands on a given day and today's volume is recorded at 1221895.
The NASDAQ OMX Group, Inc. is a global exchange group that delivers trading, exchange technology, securities listing, and public company services across six continents. Shares of NDAQ fell by 0.57% or $-0.1558/share to $27.3242. In the past year, the shares have traded as low as $17.18 and as high as $29.71. On average, 3496730 shares of NDAQ exchange hands on a given day and today's volume is recorded at 275651.
IntercontinentalExchange, Inc. (ICE) is an operator of global futures exchange and over-the-counter (OTC) markets and derivatives clearing houses. Shares of ICE fell by 1.13% or $-1.38/share to $120.41. In the past year, the shares have traded as low as $92.18 and as high as $135.38. On average, 806339 shares of ICE exchange hands on a given day and today's volume is recorded at 118084.
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