Nasdaq-ICE Promises 'Much Better' Deal for NYSE Euronext
Nasdaq OMX and IntercontinentalExchange (ICE) executives emphasize that their joint bid to acquire NYSE Euronext will take more costs out of the business, as well as create a "strong, global derivatives player."
"The board of directors and management of NYSE said publicly that they need to take costs out of their business and find scale in order to be, going forward, a more globally relevant company," says Jeffrey Sprecher, chairman and CEO of ICE. "If that's what their mission is, [Nasdaq CEO
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