Nasdaq, IntercontinentalExchange respond to NYSE

[April 11, 2011]  NEW YORK (AP) -- Nasdaq and IntercontinentalExchange say their $11.3 billion bid for NYSE Euronext was rejected without any talks with the exchanges.

Nasdaq OMX Group Inc. CEO Robert Greifeld said in a statement late Sunday that feedback from NYSE Euronext shareholders was positive, and that the companies had expected NYSE Euronext would meet with them to discuss the merits of their proposal.

NYSE Euronext, parent of the New York Stock Exchange, announced Sunday that it was rejecting the joint offer, instead sticking with its plan to combine with German exchange operator Deutsche Boerse AG in a $10 billion deal.

Nasdaq and Intercontinental Exchange Inc. say their bid is "clearly superior" and called the Deutsche Boerse proposal "indisputably financially inferior."

[Associated Press]

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