FBN’s Charlie Gasparino reports that Deutsche Börse and the New York Stock Exchange are “feeling pressure from shareholders” and their attempts to “sweeten the deal” but increasing the dividend “has not appeased shareholders.” Gasparino went on to say that the Intercontinental Exchange (ICE) and NASDAQ (NDAQ) are “contemplating a similar move” in order to remain in the “bidding war” for the NYSE. Excerpt from the report ; courtesy of Fox Business Network.
On how Deutsche Börse and New York Stock Exchange are trying to keep shareholders at bay:
“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 and NASDAQ. 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.”
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!