Euronext Division Is Not for Sale, NYSE’s Duncan Niederauer Says
NYSE Euronext, the exchange operator that agreed to be bought by IntercontinentalExchange Inc. (ICE), said its European business Euronext is not for sale.
NYSE has been meeting with regulators and investors since announcing last month it would be acquired by Atlanta-based ICE, said Chief Executive Officer Duncan Niederauer in a Bloomberg Television interview. While it is still early in the review process, there are no plans to sell the Euronext business, he said.
ICE, the 12-year-old energy and commodity futures exchange, said Dec. 20 it would pay $33.12 for each share of New York- based NYSE to take control of the world’s biggest equity market. The deal is set to close in 2013.
To contact the reporter on this story: Whitney Kisling in New York at email@example.com
To contact the editor responsible for this story: Lynn Thomasson at firstname.lastname@example.org