Deutsche Boerse says it offers best deal for NYSE

1st April 2011, Comments 0 comments

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

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