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Deutsche Börse outbid

April 1, 2011

The US financial giants Nasdaq and ICE have outbid Germany's Deutsche Börse in the fight for who will take control of the stock exchange NYSE Euronext. If the bid succeeds, the NYSE will remain in American hands.

https://p.dw.com/p/10lxn
Deutsche Börse and European flags
Deutsche Börse has been outbid by the American giants Nasdaq and ICEImage: AP

The US stock market Nasdaq and the financial house IntercontinentalExchange (ICE) have outbid Germany's Deutsche Börse in a battle to take over the New York Stock Exchange Euronext (NYSE Euronext).

The Nasdaq OMX group and ICE jointly bid some 19 percent more than Deutsche Boerse, offering $42.5 (30 euros) per share.

If the joint bid of Nasdaq and ICE is successful, NYSE Euronext is set to be broken up. NYSE's derivatives business would go to ICE while Nasdaq would take over its stock markets in New York, Paris, Brussels, Amsterdam and Lisbon.

Deutsche Börse had offered $9 billion (6 billion euros) for NYSE Euronext in February, sparking complaints among US politicians that New York's status as the world's financial capital would be threatened.

Author: Spencer Kimball (Reuters, dpa, AFP)

Editor: Susan Houlton

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