NASDAQ OMX (NDAQ), ICE (ICE) Withdraw NYSE Euronext (NYX) Acquisition Offer
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Price: $60.07 +0.10%
Overall Analyst Rating:
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Dividend Yield: 1.5%
Revenue Growth %: +21.4%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 1.5%
Revenue Growth %: +21.4%
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The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) and IntercontinentalExchange (NYSE: ICE) today announced that following discussions with the Antitrust Division of the U.S. Department of Justice, they are withdrawing the joint proposal they made in April, 2011 to acquire NYSE Euronext (NYSE: NYX) and will not commence the exchange offer to acquire all of the outstanding shares of NYSE Euronext.
NASDAQ OMX CEO Bob Greifeld said: "We took the decision to withdraw our offer when it became clear that we would not be successful in securing regulatory approval for our proposal despite offering a variety of substantial remedies, including the sale of the NYSE SRO and related businesses. We saw a unique opportunity to create more value for stockholders and strengthen the U.S. as a center for capital formation amid an ongoing shift of these vital activities and jobs outside of our country.
NASDAQ OMX CEO Bob Greifeld said: "We took the decision to withdraw our offer when it became clear that we would not be successful in securing regulatory approval for our proposal despite offering a variety of substantial remedies, including the sale of the NYSE SRO and related businesses. We saw a unique opportunity to create more value for stockholders and strengthen the U.S. as a center for capital formation amid an ongoing shift of these vital activities and jobs outside of our country.
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