Nasdaq/ICE Go Hostile to Force NYSE to the Negotiating Table

Nasdaq OMX Group (NDAQ) and IntercontinentalExchange Inc (ICE) will take their takeover bid for NYSE Euronext (NYX) straight to the Big Board’s shareholders as they try to corner the company into talks. Nasdaq and ICE said on Monday that they will launch a tender offer for NYSE’s shares later this month. The move comes after NYSE’s board twice rejected the $11 billion unsolicited offer in favor of its existing $10.2 billion deal with Deutsche Boerse. – Reuters