Nasdaq Undeterred After Latest NYSE Rejection

Law360, New York (April 21, 2011, 3:06 PM EDT) -- Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. vowed Thursday to continue pushing what they called their superior counteroffer to buy rival exchange operator NYSE Euronext Inc. after the Big Board's owner rejected Nasdaq's pumped-up proposal earlier in the day.

"Continually refusing to engage [with us] is starting to appear as if they are protecting their deal rather than acting in the best interest of their shareholders," Nasdaq CEO Robert Greifeld said in a statement. "We will not be deterred by the board's attempts to protect an...
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