D.Boerse offer on track as NYSE rejects Nasdaq/ICE

 FRANKFURT, April 10 (Reuters) - Deutsche Boerse (DB1Gn.DE: Quote, Profile, Research)
said on Sunday its planned acquisition of NYSE Euronext (NYX.N: Quote, Profile, Research)
was on track after NYSE's board of directors unanimously
rejected a counter offer by Nasdaq (NDAQ.O: Quote, Profile, Research) and ICE (ICE.N: Quote, Profile, Research).
 "Deutsche Boerse shares the view of NYSE Euronext that the
agreed merger ... will create compelling value for shareholders
of both companies," the company said in a statement.
 NYSE said its board of directors rejected the Nasdaq/ICE
offer as it viewed the $11.3 billion bid as "strategically
unattractive, with unacceptable execution risk".
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 Deutsche Boerse said since entering into the $10.2 billion
agreement on Feb. 15 the companies had commenced regulatory
proceedings and made progress on integration planning.
 "With the proxy statement already on file with the U.S.
Securities and Exchange Commission, Deutsche Boerse and NYSE
Euronext continue to be fully on track to close the transaction
at the end of 2011."
 (Reporting by Harro ten Wolde; Editing by Dale Hudson)


D.Boerse offer on track as NYSE rejects Nasdaq/ICE