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NYSE rejects Nasdaq and ICE bid
NYSE Euronext has rejected a bid from rival US exchanges Nasdaq and ICE, saying it will stick with plans to merge with Deutsche Boerse.
The Nasdaq-ICE bid was unsolicited and came after the NYSE and Deutsche Boerse announced their mutual plans.
In a statement, NYSE Euronext said the directors found the $11.3bn (£6.9bn ) bid from Nasdaq and ICE “strategically unattractive, with unacceptable execution risk”.
Deutsche Boerse’s offer is for $10.2bn.