Home Wealth  Money NASDAQ And Ice Say Not This Time For NYSE Bid

NASDAQ And Ice Say Not This Time For NYSE Bid

Posted: May. 17th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

The NASDAQ OMX Group and IntercontinentalExchange said today that they are withdrawing their acquisition off for NYSE Euronext.

NASDAQ OMX and ICE said discussions with the Antitrust Division of the US Department of Justice made it clear that they would not receive regulatory approval for the takeover, despite the remedies the companies suggested.

Therefore, the companies will not commence an exchange offer for outstanding shares of NYSE Euronext (nyse: NYX - news - people ) stock.

It now appears as though the NYSE Euronext will move forward with their plans to merge with Deutsche Boerse.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Grand Velas Los Cabos Unveils the World's Most Expensive Taco
Finding Banksy: A Guide to Locating Banksy's Street Art
Dubai Looks to Build The Globe's First Rotating Skyscraper
Three Chefs Who are Disrupting New Orleans’ Food Scene
Inside The World’s Largest, Members-Only Superyacht
A Quick Look at 7 of our Favorite Exclusive Private Clubs Around the World
The Culinary Energy of ZUMA: An Interview with Chef Rainer Becker
Ring in Spring with Penhaglion's Perfectly Pink Bathtub
Adrian Cheng & Dame Vivienne Westwood’s New Exhibition Fuses Art with Eco-Sensitive Fashion
Private Jet Services’ Chief Revenue Officer Michael Farley on the State of the Jet Card Business
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE