NEW YORK (Reuters) - the Group OMX Nasdaq (NDAQ.)(O) submission failure of long-time rival NYSE Euronext (NYX).(N) was a "brief interlude" for the management and a disappointment, and now the Exchange moves on, Chief Executive, said Thursday.
Robert Greifeld, speaking in a brief annual meeting, said that he owed it shareholders to make the offer and would ensure that the parent of the Nasdaq Stock Market was positioned to capture "new opportunities for growth."
NASDAQ in partnership with IntercontinentalExchange Inc. (ICE).(N) early last month to bid for NYSE $ 11.3 billion thwart friendly merger of the Big Board with Deutsche Boerse AG the Germany (DB1Gn.DE). The pair back this month after the U.S. Department of Justice blocked the bid on antitrust grounds.
"Our goal was to request an expedited decision of DOJ regardless of the result." "We are grateful that the bid was a brief interlude of effort targeted by some members of the management team," Greifeld said.
"Certainly, we are disappointed with the result, but we felt we it to our shareholders and our customers to consider this proposal and, finally, to pursue,"the CEO said, repeating that it was an "opportunistic move"."."
With exchanges planning from the band to reduce costs and diversify sources of income, analysts say Nasdaq, left, could strike a deal, eventually with the London Stock Exchange Group Plc (LSE).(L), Singapore Exchange Ltd (SGXL.)(If) or specialist options CBOE Holdings Inc. (CBOE).(O).
Others say is of relatively low price-earnings ratio of Nasdaq that it is difficult to remove transactions without taking on large amounts of debt and make out the record earnings of the company in the first quarter as grounds to withdraw.
Purchase of NYSE Euronext "could have been a huge home run, and how do you know if you don't try?", said one shareholder who requested anonymity. "But I don't know if it's a lot of sense to do the any of the other possible transactions there.".
Greifeld, including eight years at the head of the Nasdaq were packed with deal-making, reported that he was moving the battle of month-and-half for the grand jury.
Shareholders who have gathered at the meeting of 15 minutes, which was broadcast on the Web, did not ask the CEO of the issues.
(Reporting by Jonathan Spicer.) (Editing by Gerald e. McCormick, Dave Zimmerman and Robert MacMillan)
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