I’ve posted about the NYSE buyout here and here. Seems like everyday investors are starting to realize that NASDAQ is lurking with more cash. The NY Times Dealbook reports that:
But the anger that some shareholders felt over NYSE Euronext’s refusal to even negotiate with its unwanted suitors colored the meeting. Some investors voted against or withheld support for re-electing the company’s slate of directors, and shareholders passed two proposals the board had opposed: the ability to convene special meetings and to pass resolutions by written consent.
NYSE still is defending a NASDAQ buyout due to “unacceptable execution risk.” Which means that NYSE doesn’t think a NYSE/Nasdaq combination will pass antitrust review.
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