The board of NYSE Euronext has rejected an offer from NASDAQ OMX Group and IntercontinentalExchange (ICE). The board has also reaffirmed its merger agreement with Deutsche Boerse. NYSE Euronext’s financial advisers are Perella Weinberg Partners, BNP Paribas, Goldman Sachs and Morgan Stanley. NASDAQ and ICE had sweetened their offer to $11.2 billion for NYSE, adds The New York Times.

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