No More: Nasdaq, ICE Drop Bid For NYSE Euronext (NDAQ, ICE, NYX)

Citing the fact that the companies would not get regulatory approval for the bid, the NASDAQ NDAQ and the IntercontinentalExchange ICE are dropping their proposed $11 billion bid for NYSE Euronext NYX. Shares of NYSE Euronext are down sharply this morning, down over 10% as it appears there will not be another bid for the company, and the previous $10 billion deal with German exchange operator Deutsche Boerse will go through. Nasdaq OMX CEO Bob Greifeld said, "While we are surprised and disappointed in the antitrust division's conclusion, some of the uncertainty, at least as it relates to our joint proposal, has been resolved." At last check, shares of NDAQ are off 42 cents to $26.49, a loss of 1.56%, while shares of NYX are off 10.9% to $36.89.