NASDAQ, ICE Withdraw $11.3B NYSE Bid

NASDAQ OMX and the IntercontinentalExchange have dropped their takeover bid for NYSE Euronext.

NASDAQ OMX and the IntercontinentalExchange (ICE) have dropped their takeover bid for NYSE Euronext. The move follows their discussions with the antitrust division of the U.S. Department of Justice. The duo offered $11.3 billion for NYSE, adds Finextra.

As per the deal, ICE would have acquired NYSE Euronext’s futures businesses with NASDAQ OMX owning the rest, including exchanges in New York, Paris, Brussels, Amsterdam and Lisbon, as well as the U.S. options business. NASDAQ-ICE offer outbid the $9.7 billion bid made by Deutsche Boerse.

Click here for the release from NASDAQ OMX.

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