NYSE board rejects Nasdaq and ICE in favor of Deutsche Boerse

The NYSE Euronext board said the company's merger agreement with Deutsche Boerse is more likely to win regulatory approval than the unsolicited bid from Nasdaq OMX Group and IntercontinentalExchange is. The board also said a deal with the German bourse would create more long-term value for shareholders. A Nasdaq-ICE takeover would result in layoffs, the board said.

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