Great maneuvers on the New York Stock Exchange. The Intercontinental Exchange (ICE) has started negotiations to buy competitor Nyse Euronext, an American company that manages the New York Stock Exchange, the stock markets of Paris, Brussels, Amsterdam and Lisbon and the European derivatives market Liffe. The news was released today by the Wall Street Journal. Ice is a financial company that operates on electronic markets where futures, energy securities, commodities and derivatives are traded on over-the-counter platforms.
The indiscretion caused Nyse Euronext stock to fly, which in the afterhours recorded a rise of 21,41%, to 29,20 dollars. The American newspaper does not provide details on the amount of the operation, but based on last night's closing price ($24,05), the group has a valuation of $5,84 billion.
ICE had already attempted the takeover in 2011, presenting an 11 billion dollar joint offer with Nasdaq Omx. Nyse Euronext had declined, because at the time it was planning to merge with the operator of the Frankfurt Stock Exchange, Deutsche Boerse. But the operation was canceled for antitrust reasons and today the courtship of the Ice could be successful.
