Gasparino: Bidding War for NYSE Heating Up (NYX, ICE, NDAQ)

FOX Business Network Senior Correspondent, Charlie Gasparino, is reporting this afternoon that Deutsche Börse and the New York Stock Exchange NYX are “feeling pressure from shareholders” and their attempts to “sweeten the deal” by increasing the dividend “has not appeased shareholders.” Mr. Gasprino stated, “It's not quite a bidding war; but clearly there is jockeying going on. The New York Stock Exchange is feeling a lot of pressure from shareholders. They are worried that Duncan Niederauer, the CEO of the New York Stock Exchange, summarily dismissed at 20% higher bid from ICE ICE and NASDAQ NDAQ.” He added, “Now the New York Stock Exchange is coming back to sweeten the deal with an increased dividend. Now it looks like the ICE and NASDAQ are contemplating a similar move. The New York Stock Exchange's move to increase that dividend has not appeased shareholders. You are essentially paying back shareholders with their own money.”
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Posted In: RumorsMovers & ShakersM&ACharlie GasparinoFinancialsFox Business NetworkSpecialized Finance
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