Deutsche Boerse (DB1Gn.DE) management told its shareholders on Thursday it was confident its offer for peer NYSE Euronext (NYX.N) worth about $10.6 billion would succeed over a rival offer. In what is expected to be a rough meeting, Chief Executive Officer Reto Francioni urged shareholders to accept the deal. "There are few transactions which are quite as attractive as this one. Other people have also recognised this. It was not for nothing that, shortly after we announced our plans, other people exerted a great deal of energy in attempting to undermine this significant merger. Though with little prospect of success, if I may say so." The CEO referred to a hostile offer from Nasdaq (NDAQ.O) and ICE (ICE.N) worth about $11.1 billion that is due to be launched in the coming weeks.
NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX remained unchanged at $40.68. In the past year, the shares have traded as low as $26.42 and as high as $41.60. On average, 5495170 shares of NYX exchange hands on a given day and today's volume is recorded at 300.
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 $27.02. In the past year, the shares have traded as low as $17.18 and as high as $29.71. On average, 2938850 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 $120.31. In the past year, the shares have traded as low as $92.18 and as high as $135.38. On average, 785964 shares of ICE exchange hands on a given day and today's volume is recorded at 0.
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