Getting your player ready...
NEW YORK — The parent company of the New York Stock Exchange said Sunday that it rejected an $11.3 billion bid from Nasdaq and IntercontinentalExchange to buy the company. NYSE Euronext said that its board decided to turn down the offer, which was submitted earlier this month, because it was “highly conditional” and would have caused unnecessary risk for shareholders. The company said it is sticking with its plan to combine with German exchange operator Deutsche Boerse AG. NYSE agreed to that $10 billion deal in February.
