NYSE Hears it from Investors

May 5, 2011

I’ve posted about the NYSE buyout here and here.  Seems like everyday investors are starting to realize that NASDAQ is lurking with more cash.  The NY Times Dealbook reports that:

But the anger that some shareholders felt over NYSE Euronext’s refusal to even negotiate with its unwanted suitors colored the meeting. Some investors voted against or withheld support for re-electing the company’s slate of directors, and shareholders passed two proposals the board had opposed: the ability to convene special meetings and to pass resolutions by written consent.

NYSE still is defending a NASDAQ buyout due to “unacceptable execution risk.”  Which means that NYSE doesn’t think a NYSE/Nasdaq combination will pass antitrust review.

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