“The Fight for NYSE Euronet: The Gloves Are Off”

The Economist, May 7, 2011, Finance and Economics:

“The fight for NYSE (New York Stock Exchange) Euronet”

Bare-knuckle bourses (stock exchanges):

New York

“Spurned, NASDAQ AND ICE turn hostile”

“The gloves are off.  Having twice been rebuffed by NYSE Euronext’s top brass, who dismissed their offer as ‘an empty vessel’, NASDAQ (originally known as National Association of Security Dealers) and the InterContinental Exchange (ICE) have gone hostile in a bid to break-up the target’s agreed merger with Deutshe Borse.  They plan to launch an exchange offer allowing NYSE Euronext’s owners to swap their shares for cash and the bidders’equity.”

Looks like the European sections of two of the primary US stock exchanges are in a boxing match over internet stock offerings, not only in a boxing match with gloves on, but gloves off.  They are getting serious.



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