Business News
Nasdaq stock exchange counters Deutsche Boerse bid for NYSE
Apr 1, 2011, 12:01 GMT
New York - Nasdaq on Friday countered Deutsche Boerse's takeover bid for the New York Stock Exchange (NYSE) with a more generous offer for its larger US competitor.
Nasdaq, together with stock exchange operator Intercontinental Exchange (ICE), are offering 42.5 dollars (30 euros) per share, according to a statement release by the Nasdaq OMX Group, an improvement on the Deutsche Boerse offer of 19 per cent.
Deutsche Boerse in February announced a more that 9-billion-dollar offer for a majority holding in NYSE, a deal that some US politicians fear could threaten New York's status as the world's premier financial capital.
Read more about Germany
Read more about US Business
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
