Investors Lose Bid To Delay NYSE Merger Vote

Law360, Wilmington (May 10, 2013, 8:02 PM EDT) -- NYSE Euronext investors on Friday lost their bid to hold up the sale of the iconic New York Stock Exchange to IntercontinentalExchange Inc. when a Delaware Chancery judge rejected their motion to enjoin next month's shareholder vote on the multibillion dollar deal.

The lead plaintiffs in the consolidated class action contend NYSE's board saddled shareholders with a sub-par deal then impermissibly locked up the transaction, but Chancellor Leo E. Strine Jr. found their claims lacked the reasonable chance of success required for a preliminary injunction....
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