May 16, 2011

Nasdaq, ICE withdraw NYSE bid

Nasdaq OMX Group Inc and IntercontinentalExchange withdrew their hostile $11.3 billion bid for rival NYSE Euronext on Monday, citing opposition from U.S. antitrust regulators. The withdrawal of the offer removes a major hurdle to NYSE Euronext's plans to sell itself to Deutsche Boerse AG for $9.9 billion.

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