NEW YORK (Reuters) - Nasdaq OMX Group and IntercontinentalExchange warned investors of NYSE Euronext to be "very sceptical" the additional savings that will result from its friendly merger with Deutsche Stock Exchange NYSE said.
NASDAQ (NDAQ.)(O) and ICE (ICE.)(N) are hoping to counter the Deutsche Boerse deal (DB1Gn.DE), have provided $ 11.2 billion to buy the NYSE (NYX).(N) after Deutsche Boerse and NYSE agreed a $ 9.9 billion merger.
NYSE Euronext Chief Executive Officer Duncan Niederauer raised the estimate of potential savings of the agreement of Deutsche Boerse about a third to some 400 million euros (580 million dollars), a spokesman said Sunday.
Twice a month, the NYSE Board of Directors rejected the bid by Nasdaq and ice as too risky value and lack and supported by lower offer of the German stock exchange for reasons, it will produce a better strategic fit.
NASDAQ and ice said Monday that the newly found economies were not the result of "sharpen a pencil, but an unexplained change of strategy."
Operators to Exchange based on the United States a note also that shareholders have not been offered a price increase.
The Niederauer new estimate puts the cost and benefits of income in the NYSE Euronext - Deutsche Boerse treat 740 million in synergies Nasdaq and ice see their rival bids for NYSE.
The struggle for control of the Board of Directors Big iconic and handful of NYSE exchanges across Europe could redraw the property of a large number of key actions and futures markets, world, a frenzy of merge before the Exchange industry.
Also Monday, Nasdaq and ice also came under fire from a prominent legislator U.S. concerned about job losses that would come with their proposed cost reductions.
The impact of the proposed transaction on the jobs in the area of the city of New York would be "an important consideration in judging any transaction", U.S. Senator Charles Schumer of New York wrote in a letter to the Nasdaq CEO Robert Greifeld and ICE CEO Jeffrey Sprecher.
Schumer said private NYSE officials told him that merger with Nasdaq and the ice would result in a loss of 1 000 to 1 100 us jobs, including about 800 in the area of the city of New York.
When the Nasdaq and ice unveiled their bid unsolicited on 1 April, Greifeld did not say how serious job losses would be, although he said that he would retain the commercial floor NYSE on Wall Street.
Also Monday, the U.S. Department of Justice, who must sign on fusion and examines, asked Nasdaq for more information and documentary material. Spokesman of the Ministry of justice Gina Talamona declined to confirm or comment on the second request to the Government for information from Nasdaq but said "our investigation is underway".
The tug-of-war for NYSE Euronext has raised questions about which deal is best for shareholders, account required to the difference in price between the two proposals and the antitrust hurdles that could still derail each of them.
NYSE shareholders are meeting Thursday for their annual vote on directors of the company. The vote of the shareholders on the NYSE-Deutsche Boerse deal is expected on July 7.
Shares of NYSE Euronext closed regular trading on Monday down 0.7% to $38.76 and Nasdaq OMX Group shares ended down from 1.1% to $27.23.
(Reported by Lauren Tara LaCapra, Paritosh Bansal and Jonathan Spicer; additional reports by Jeremy Pelofsky Washington;) (Editing by Derek Caney and Matthew Lewis)
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