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New Nasdaq Bid Has Uncertain Effect

NEW YORK CITY-Nasdaq OMX and IntercontinentalExchange rolled out an updated proposal for acquiring NYSE Euronext, but the effect on REITs and their investors remains unclear.

By Carl Gaines | Updated on April 19, 2011

NEW YORK CITY-Nasdaq OMX and IntercontinentalExchange on Tuesday rolled out a new, ostensibly more attractive proposal in their unsolicited $11.3-billion bid to acquire NYSE Euronext. The impact of the newly proposed terms on investor sentiment at publicly traded companies, including REITs, remains uncertain.

NYSE Euronext, which is planning a merger with Frankfurt-based Deutsche Boerse, acknowledged receipt of the Nasdaq/ICE offer in a brief statement. The parent company of the New York Stock Exchange says that its board of directors will review the offer expeditiously, “consistent with its fiduciary duties and its obligations under its previously announced business combination agreement with Deutsche Boerse AG.”

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