NYSE Euronext Rejects NASDAQ OMX, ICE Bid

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NYSE Euronext (NYX) said over the weekend that its board has rejected the unsolicited offer from NASDAQ OMX (NDAQ) and IntercontinentalExchange (ICE) and instead reaffirmed its agreement to combine with Deutsche Boerse. While the NASDAQ-ICE bid was superior to the Deutsche Boerse offer in financial terms, it would have broken up NYSE Euronext.

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