TORONTO — A bid led by Nasdaq to break up the planned marriage of the New York Stock Exchange and Deutsche Boerse shook up the stock exchange world Friday, potentially changing which major player will be left without a dance partner in the consolidation wave sweeping the industry.
The US$11.3-billion cash-and-stock offer for NYSE Euronext by Nasdaq and IntercontinentalExchange represents a 19% premium to the friendly bid from Germany-based Deutsche Boerse.
http://www.financialpost.com/Nasdaq+NYSE+trips+merger+dance/4545606/story.html
The rival bid, rumoured for more than a month, may not be a sure bet, but it throws another wrinkle into the quickly changing stock exchanges landscape. It also advances the possibility of a domino effect that could disrupt other planned tie-ups.
The US$11.3-billion cash-and-stock offer for NYSE Euronext by Nasdaq and IntercontinentalExchange represents a 19% premium to the friendly bid from Germany-based Deutsche Boerse.
http://www.financialpost.com/Nasdaq+NYSE+trips+merger+dance/4545606/story.html
The rival bid, rumoured for more than a month, may not be a sure bet, but it throws another wrinkle into the quickly changing stock exchanges landscape. It also advances the possibility of a domino effect that could disrupt other planned tie-ups.
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