- CNTV English - CCTV News

Homepage > News > Biz >

Nasdaq, ICE make joint bid for NYSE

04-02-2011 09:33 BJT

NEW YORK, April 1 (Xinhua) -- Nasdaq OMX and Intercontinental Exchange (ICE) on Friday announced a joint 11.3-billion-dollar bid to buy the NYSE Euronext, a 19 percent premium over previous offer by Germany's Deutsche Boerse.

Nasdaq and ICE said in a statement that the offer would be priced at 42.50 dollars per share. According to the proposal, ICE would purchase NYSE's valuable derivatives business while Nasdaq would acquire its stock exchanges and options businesses.

Under the terms of the proposed acquisition, NYSE Euronext stockholders would receive 14.24 dollars in cash, 0.4069 shares of NASDAQ common stock and 0.1436 shares of ICE common stock for exchange of each NYSE Euronext share.

Deutsche Boerse had offered a 10.2 billion dollar takeover bid for NYSE Euronext in February to form the world's largest exchange operator. The announcement officially represented that Nasdaq and ICE entered into rivalry with Deutsche Boerse over NYSE Euronext.

"The combination of the two leading U.S. exchanges delivers an opportunity to build a global exchange platform that has the scale and growth potential to benefit investors, issuers and other market participants. We believe it would increase transparency and liquidity in U.S. markets and create jobs as new companies raise capital," said Robert Greifeld, Nasdaq's chief executive, in the statement.

NYSE Euronex said in a statement that its board will "carefully review" the proposal and urged shareholders not to take any action with respect to the proposal.

Deutsche Boerse said it has noted the offer and "continues to strongly believe that the envisaged merger of Deutsche Boerse and NYSE Euronext is the best possible combination for both shareholder groups and the stakeholders of the companies." NYSE shares last traded at 39.08 dollars per share on Friday, up 11.13 percent compared with previous close.

Related stories

Editor:Yang Jie |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program