New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 28, 2013
10:49 EDTNYX, ICE, BRK.ANYSE received counter-bid with value below ICE offer, reportedly from Berkshire
In a regulatory filing this morning, IntercontinentalExchange (ICE) disclosed that during the run-up to its agreement to merge with NYSE Euronext (NYX), NYSE's advisers initiated contact with representatives of a large industrial and financial holding company, identified in the filing as “Company A,” that they believed would be interested in NYSE Euronext’s businesses. Company A presented an indicative proposal with a value lower than the ICE proposal, according to the filing, and Company A's proposal also required that NYSE Euronext must first sell its European derivatives business for a specified minimum price. According to CNBC's David Faber, Company A described in the filing is Berkshire Hathaway (BRK.A). In the filing, IntercontinentalExchange also said the agreed upon merger with NYSE is subject to the merger control jurisdiction of the national competition authorities in Portugal, Spain and the U.K. The companies stated they intend to request a referral of the merger to the European Commission, such that merger clearance is required from only the European Commission in the EU. ICE and NYSE expect to submit the notification form to the European Commission during the first half of 2013, the filing said. In morning trading, NYSE Euronext shares were virtually unchanged, while IntercontinentalExchange was up 18c, or 0.13%, to $135.00.
News For A From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 31, 2014
11:39 EDTAGenetic Technologies, Agilent jointly file to dimiss lawsuit
Subscribe for More Information
October 29, 2014
16:12 EDTAAgilent reports Q3 EPS 3c, one estimate 3c
Subscribe for More Information
October 27, 2014
18:38 EDTAS&P announces changes to the S&P MidCap 400 and S&P SmallCap 600 indices
Subscribe for More Information
October 20, 2014
07:10 EDTAAmerican Society of Human Genetics to hold annual meeting
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use