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Mid-April talks set for NYSE bid
NYSE Euronext’s board of directors plans to meet by 14 April to consider Nasdaq OMX Group’s unsolicited takeover bid, though no firm date has been set, a person familiar with the plan said yesterday.
On Friday, Nasdaq partnered with US-based Intercontinental Exchange to make an $11.3bn (£6.9bn) offer for the Big Board parent, an attempt to thwart a friendly $10.2bn takeover offer from Germany’s Deutsche Boerse. The counterbid would bring together fierce US rivals Nasdaq and NYSE and hand the target company’s profitable derivatives business to ICE.