Niederaurer: NASDAQ/ICE Bid Was "Loosely Worded Proposal," Not Merger Agreement (NYX, NASDAQ, ICE)

NYSE Euronext NYX CEO Duncan Niederauer announced today the company's board is sticking with their current strategy, rather than listen to unsolicited proposal from NASDAQ NDAQ and IntercontinentalExchange ICE. NYSE's Niederauer said that his board focused on shareholder value. There are significant questions about both potential deals and whether they will pass regulatory muster.