NYSE board rejects Nasdaq and ICE in favour of Deutsche Boerse

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

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