Nasdaq OMX will take bid for NYSE Euronext to shareholders:

04/11/2011 | Bloomberg · Reuters

NYSE Euronext's board of directors rejected Nasdaq OMX Group and IntercontinentalExchange's unsolicited offer, preferring an agreement with Deutsche Boerse. Nasdaq OMX CEO Robert Greifeld is trying to convince NYSE Euronext shareholders that his bid is superior. "Neither of these deals is without risk," said Ian McDonald, an analyst at T. Rowe Price Group. "But a more than 15% spread between the offers seems quite large even if it was obvious that one deal was riskier than the other. Shareholders can't and hopefully won't ignore that."

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Bloomberg · Reuters

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