Börse tie to NYSE focuses cuts on Europe / Antitrust issues haunt proposed D Börse-NYSE tie-up

Article reports that Europe would bear the brunt of €300m in cost cuts planned by NYSE Euronext and Deutsche Börse as the two exchanges revealed details in April 2011 of how their scheme to create the world’s largest bourse came about.

However the deal faced a joint counter-bid from Nasdaq OMX and IntercontinentalExchange (ICE), two rival US exchange operators.

The board of NYSE Euronext rejected the higher, unsolicited takeover bid from Nasdaq OMX and IntercontinentalExchange in April 2011, although some shareholders are said to be still studying the offer..

Deutsche Welle, 11.4.11: NYSE board rejects Nasdaq, endorses Deutsche Börse bid http://www.dw-world.de/dw/article/0,,14981119,00.html

ESO: Background information: Brussels casts shadow over bourse plan http://www.europeansources.info/record/brussels-casts-shadow-over-bourse-plan/

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