Thursday, Oct 27, 2016
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Stock Market

NYSE execs brush off its rejection of latest bid

NEW YORK — Top executives of NYSE Euronext Inc., parent company of the New York Stock Exchange, deflected angry questions about its rejection of a rival takeover bid at the company’s annual shareholder meeting Thursday.

Last week, NYSE Euronext’s board again turned down an unsolicited $11.3 billion bid from Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. that would carve the company in half. NYSE Euronext says it favors a deal it already has in place to combine with Deutsche Boerse, owner of the Frankfurt stock exchange.

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