Deutsche Boerse says it offers best deal for NYSE
The German stock exchange operator Deutsche Boerse said Friday that its planned merger with the New York Stock Exchange was the best possible combination after a rival bid emerged from ICE and Nasdaq.
A planned tie-up between Deutsche Boerse and NYSE Euronext is "the best possible combination," a statement said.
Earlier on Friday, the US tech-focused stock market Nasdaq and IntercontinentalExchange (ICE) topped an offer for NYSE Euronext from rival Deutsche Boerse by some 19 percent.
Nasdaq OMX Group and ICE said in a joint statement that they were offering $42.50 per share for all of NYSE Euronext in a combination of stock and cash.
Deutsche Boerse and NYSE Euronext announced February 15 that would merge to create the world's biggest exchange by revenues and a major player in derivatives trading across two continents.
© 2011 AFP