Friday, April 29, 2011

Possibility Of An Unfriendly Takeover Tender Offer For NYSE By Nasdaq-ICE

From Bloomberg, "Nasdaq, ICE Are Said to Consider Tender Offer for NYSE" by Nina Mehta:
Nasdaq OMX Group Inc. (NDAQ) and IntercontinentalExchange Inc. (ICE) may take their unsolicited takeover offer for NYSE Euronext directly to shareholders, bypassing board members who twice rejected their bid, according to a person familiar with the matter.
An appealing tender offer price may move enough NYSE shares into arbitrageurs' hands to give Nasdaq a realistic chance to acquire NYSE.

No comments:

Post a Comment