Nasdaq OMX Group and the Intercontinental Exchange (ICE) withdraw their hostile bid for NYSE Euronext, apparently leaving a clear path for NYSE's friendly merger with Deutsche Boerse AG.
Regulators in the European Union are close to making a formal announcement that they object to a proposed merger of NYSE Euronext with Deutsche Boerse AG, according to an anonymous source cited by Reuters.
NYSE Euronext shareholders approve of the acquisition of that company, parent corporation of the New York Stock Exchange, by Deutsche Boerse AG. The deal still needs to receive the approval of the acquiring firm's shareholders.
Nasdaq, in pursuit of its bid for control of NYSE Euronext, would be willing to sell one key NYSE Euronext property, the American Stock Exchange, in order to resolve antitrust issues, according to an unnamed source cited by Reuters.
Nasdaq, in cooperation with Intercontinental Exchange, bids $11.3 billion for NYSE Euronext, the holding company that owns the New York Stock Exchange, in an attempt to interfere with a planned merger between NYSE Euronext and Deutsche Borse.
Nasdaq OMX Group is preparing a bid for NYSE Euronext. Such a bid would, at the least, complicate the planned merger between NYSE and Deutsche Boerse. Reuters reported the planned counter-bid citing "a source familiar with the situation."
The board of directors of NYSE Euronext meets to discuss a proposed merger with Deutsche Börse, while New York's U.S. Senator, Chuck Schumer tells reporters that he is confident the NYSE would run the merged entity.