Sen. Schumer adds to debate over Nasdaq-ICE bid for NYSE Euronext

04/25/2011 | Wall Street Journal, The

Sen. Charles Schumer, D-N.Y., is expected today to send a letter to Nasdaq OMX Group and IntercontinentalExchange demanding information about potential job losses should their unsolicited counterbid for NYSE Euronext succeed. The letter says NYSE Euronext estimated that the proposed acquisition could cost 1,000 U.S. jobs. The NYSE Euronext board continues to reject the Nasdaq-ICE offer, preferring a deal with Deutsche Boerse.

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