NYSE Euronext shareholders demand talks with Nasdaq and ICE as bid might go hostile

NYSE Euronext executives faced a packed shareholder meeting and demands that they start talks with Nasdaq OMX Group and IntercontinentalExchange. NYSE Euronext management continues to reject a $11.1 billion offer from Nasdaq and ICE in favor of a $10.1 billion deal with Deutsche Boerse. Speculation is mounting that Nasdaq and ICE will make a hostile bid for NYSE Euronext. Management from the German exchange operator defended its proposed merger with the Big Board parent. "We believe the structure and terms are very attractive for both sets of shareholders," said Deutsche Boerse CEO Reto Francioni. "We stand by the terms of our agreement."

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