Sprecher says ICE-Nasdaq to continue with bid for NYSE Euronext

04/13/2011 | Reuters

Jeffrey Sprecher, chief executive officer at IntercontinentalExchange, said that as the ICE-Nasdaq OMX joint counterbid for NYSE Euronext remains superior to the Deutsche Boerse offer, they have no reason to increase their bid. "We think the proposal has merits so we will continue that process," Sprecher said, adding that NYSE shareholders have responded positively to both ICE and Nasdaq.

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