When the Deutsche Börse (the parent company of the Frankfurt Stock Exchange) made a bid to buy the NYSE Euronext in February, it was surprising, but not that newsworthy. A European company overseeing a US stock exchange? It’s already been done.
Nasdaq is teaming up with IntercontinentalExchange to make an $11.3 billion counteroffer for the parent of the New York Stock Exchange. The joint bid is a challenge to Deutsche Boerse, the owner of the Frankfurt Stock Exchange, which has said it will buy NYSE Euronext for about $10 billion.» E-Mail This » Add to Del.icio.us