NASDAQ launches hostile bid for New York Stock Exchange

NASDAQ OMX CEO Bob Greifeld said: “The NYSE Euronext Board has continually challenged the seriousness of our proposal and refused to engage us in discussion despite the positive feedback we have received from their stockholders.  The commencement of this exchange offer should convince the NYSE Euronext Board of the seriousness of our intentions.  We continue to welcome the opportunity to enter into meaningful discussion with the NYSE Euronext Board in order to achieve a transaction that is in the best interests of their stockholders.”

http://www.nasdaq.com/deal/exchange-offer-5-2-11.pdf

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