Bare-knuckle bourses

摘要

HE gloves are off. Having twice been rebuffed bv nyse Euronext's toD brass.who dismissed their offer as "an empty vessel", nasdaq and the Intercontinental Exchange (ice) have gone hostile in a bid to break up the target's agreed merger with Deutsche Borse. They plan to launch an exchange offer allowing nyse Euronext's owners to swap their shares for cash and the bidders' equity.