NYSE Euronext, the bourse operator being acquired by IntercontinentalExchange has tapped JPMorgan and Societe Generale to help arrange the IPO of its European equity operations, four people with knowledge of the matter said.
NYSE Euronext, owner of the largest U.S. equities exchange, is considering ways to improve its plan for dealing with disasters and said exchanges should consider mandatory testing after Hurricane Sandy caused the longest weather shutdown since 1888.
IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, and NYSE Euronext (NYSE: NYX), the preeminent global equity, equity options and fixed income derivatives market operator, today announced a definitive agreement for ICE to acquire NYSE Euronext in a stock-and-cash transaction.
NYSE Euronext has announced that in light of the decision by the European Commission to prohibit its proposed combination with Deutsche Boerse, the companies are in discussions to terminate their merger agreement.
NYSE Euronext has announced that its Board of Directors, consistent with its fiduciary duties and advised by its independent financial and legal advisors, has unanimously reaffirmed the previously announced combination agreement with Deutsche Boerse AG and rejected the unsolicited and highly conditional proposal by NASDAQ OMX Group, Inc. and IntercontinentalExchange, Inc. to break up NYSE Euronext.