NASDAQ, ICE cast doubt on the savings from the merger of the NYSE (Reuters)

NEW YORK (Reuters) - Nasdaq OMX Group Inc. and IntercontinentalExchange said NYSE Euronext investors must be "very skeptical" of the merger of savings described by NYSE and Deutsche Boerse AG.

NASDAQ and ice hope to counter the Deutsche Boerse deal, have provided $ 11.2 billion to buy the NYSE after the Deutsche Boerse and NYSE agreed to a merger of $ 9.8 billion.

Although the Nasdaq and the ice sweetened provides twice, Board of Directors and management of the NYSE rejected the rival bid as too risky.

The bidding war has raised questions about which deal is best for shareholders, account required to the disparity of prices and regulatory barriers. On Sunday, NYSE and Deutsche Boerse said that they had discovered some 400 million euros (580 million dollars) in savings in their agreement.

In a statement Monday, Nasdaq and ice stated that the newfound savings were not the result of "sharpen a pencil, but an unexplained change of strategy." Operators to exchange a note also that shareholders have not been offered a price increase.

The bargains still need approval from shareholders before going forward. NYSE shareholders will have their annual meeting, on 28 April. Deutsche Boerse shareholders should vote on July 7.

(Reported by Lauren Tara LaCapra;) (Editing by Derek Caney)

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