NYSE Keeps Fighting Off NASDAQ

April 25, 2011

I’ve posted about NASDAQ’s competing bid for NYSE and its possible risks.  Seems that the NYSE board feels the same way, announcing:

This proposal does not provide compelling value, has unacceptable execution risk and is therefore not in the best interests of NYSE Euronext shareholders.

Ultimately, any litigation will turn on the “unacceptable execution risk” an NASDAQ will probably stay jilted.

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