Deutsche Boerse AG's (DB1Gn.DE) works council refuses to back a merger proposal with NYSE Euronext (NYX.N), two people familiar close to the company said on Tuesday. The lack of support by labour representatives is not enough to block the merger but undermines Deutsche Boerse's campaign to convince German regulators that a deal strengthens Frankfurt as a financial centre. The state of Hesse's Ministry of Economics in the city of Wiesbaden, which bestows the license to operate a stock exchange, still needs to give its approval of the deal, which is in competition with an offer from Nasdaq OMX Group Inc (NDAQ.O) and Intercontinental Exchange Inc (ICE.N). The ministry has voiced concerns that a tie-up could erode Frankfurt's role in the combined company.
NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX remained unchanged at $40.64. In the past year, the shares have traded as low as $26.42 and as high as $41.18. On average, 6107600 shares of NYX exchange hands on a given day and today's volume is recorded at 1300.
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 remained unchanged at $27.37. In the past year, the shares have traded as low as $17.18 and as high as $29.71. On average, 3267350 shares of NDAQ exchange hands on a given day and today's volume is recorded at 0.
IntercontinentalExchange, Inc. (ICE) is an operator of global futures exchange and over-the-counter (OTC) markets and derivatives clearing houses. Shares of ICE remained unchanged at $118.93. In the past year, the shares have traded as low as $92.18 and as high as $135.38. On average, 829808 shares of ICE exchange hands on a given day and today's volume is recorded at 1400.
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