Deutsche Boerse is cool as battle for NYSE Euronext rages

05/1/2011 | Reuters

Deutsche Boerse is betting that a counterbid from Nasdaq OMX Group and IntercontinentalExchange for control of NYSE Euronext will reveal weaknesses in the exchanges' firepower. Speculation is mounting that Nasdaq and ICE will take their unsolicited bid directly to shareholders. "This step would force Nasdaq to make disclosures that would show whether they actually intend to buy NYSE or whether they merely want to spoil our deal," said a source near Deutsche Boerse.

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