2011年4月28日星期四

NYSE Euronext rejects Nasdaq and last ice offers (AFP)

PARIS (AFP) - NYSE Euronext said Thursday that its Board of Directors, "unanimously" rejected the latest offer us rival OMX Nasdaq and Intercontinental Exchange (ICE) for a bid of Deutsche Boerse.

Nasdaq-ICE is "substantially the same as that which we have already rejected." We have not changed our minds, head of the Board Jan-Michiel Hessels said in the statement.

He reiterated that the last offer was not in the interest of the shareholders of NYSE Euronext.

Earlier this week Nasdaq and ice said they had boosted their bid to buy NYSE Euronext, offering to pay $ 350 million if the transaction did not obtain regulatory approval.

NASDAQ OMX and ice have not changed their offer of cash-stock conditions 1 April which had been rejected by NYSE Euronext, as he pursued a merger agreed with Deutsche Boerse the Germany.

But they said that they had taken a series of steps "demonstrate their commitment to continue their superior proposal with NYSE Euronext and providing greater certainty to the NYSE Euronext Board.".

A key measure is the addition of $ 350 million "reverse break-up" costs that NYSE Euronext would receive if the proposal failed to gain required antitrust or competition approvals.

Operators to Exchange also announced that they had secured committed funding of $ 3.8 billion for financing the purchase.

Their values of NYSE Euronext submission to $42.67 by market share of Monday, they said, a premium of 21 percent on the rival Deutsche Boerse offers $ 35.29 by action.

"The proposal of Nasdaq OMX/ice remains superior by a margin important and unavoidable," insisted for businesses.

If the bid is successful, NYSE Euronext would be broken, with his company of Liffe derivatives go to ice while Nasdaq OMX - best known for trade of the world leading technology companies - could take control of the stock exchange of New YorkParisBrussels, Amsterdam and Lisbon.

Deutsche Boerse and NYSE Euronext announced February 15 that they would be merged to create largest exchange in the world by revenue and a major player in the commercial derivatives between the two continents.

While both parties have pointed out a merger of equals, the combined firm incorporated in the Netherlands would be owned 60% by the existing shareholders of Deutsche Boerse and 40% by shareholders of NYSE Euronext, and the German company will dominate the new Commission.


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