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Rivals face off over NYSE deal
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Rivals face off over NYSE deal

(FILES) This March 14, 2011 file photo shows a trader as he works on the floor of the New York Stock Exchange in New York. US stocks opened with gains on April 11, 2011 as investors geared up for the start of the corporate earnings season and a week packed with economic reports.The Dow Jones Industrial Average rose 28.84 points (0.23 percent) to 12,408.89 in early trade, while the tech-rich Nasdaq Composite added 11.40 points (0.41 percent) at 2,791.82.The S&P 500-stock index, a broad measure of the markets, advanced 3.40 points (0.26 percent) to 1,331.57. AFP PHOTO / Stan HONDA
(FILES) This March 14, 2011 file photo shows a trader as he works on the floor of the New York Stock Exchange in New York. US stocks opened with gains on April 11, 2011 as investors geared up for the start of the corporate earnings season and a week packed with economic reports.The Dow Jones Industrial Average rose 28.84 points (0.23 percent) to 12,408.89 in early trade, while the tech-rich Nasdaq Composite added 11.40 points (0.41 percent) at 2,791.82.The S&P 500-stock index, a broad measure of the markets, advanced 3.40 points (0.26 percent) to 1,331.57. AFP PHOTO / Stan HONDA
By | newsroom@denverpost.com | The Denver Post
PUBLISHED: | UPDATED:
Getting your player ready...

NEW YORK — A battle for control of the New York Stock Exchange moved into dueling appeals to shareholders Monday, a day after a rival bidder complained that its $11.3 billion bid was rejected without discussion. NYSE Euronext said Sunday that its board decided to turn down an offer from rival Nasdaq OMX Group and IntercontinentalExchange because it was “highly conditional” and would have caused unnecessary risk for shareholders.

Instead, the company reaffirmed its plan to combine with German exchange operator Deutsche Boerse in a $10 billion deal. Nasdaq and IntercontinentalExchange say their bid is “clearly superior.” The Associated Press; AP photo

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