Nasdaq, ICE bid to buy New York Stock Exchange
US securities exchanges Nasdaq and ICE joined forces Friday to make an $11.3 billion bid for NYSE Euronext, putting a spoiler on a rival bid to create the world's biggest exchange.
Moving to secure their own futures as exchanges around the world consolidate, Nasdaq and the Intercontinental Exchange offered NYSE shareholders 19 percent more per share than a rival bid from Deutsche Boerse.
The deal would would see markets in Brussels, Paris, Amsterdam, Lisbon and New York change hands, while keeping Wall Street's fabled exchange under US ownership.
The $42.50 per share cash-and-stock bid for NYSE "represents a superior proposal to the Deutsche Boerse takeover proposal," Nasdaq and ICE said in a joint statement.
Their bid "offers greater long-term value for stockholders by putting existing businesses under managements recognized for integration capabilities and efficiency."
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