The NASDAQ OMX Group, Inc.
16.05.2011 13:18
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NEW YORK and ATLANTA, May 16, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group,
Inc. (NDAQ) and IntercontinentalExchange (ICE) today announced that following
discussions with the Antitrust Division of the U.S. Department of Justice, they
are withdrawing the joint proposal they made in April, 2011 to acquire NYSE
Euronext and will not commence the exchange offer to acquire all of the
outstanding shares of NYSE Euronext.
(Logo: http://www.globenewswire.com/newsroom/prs/?pkgid=9693)
NASDAQ OMX CEO Bob Greifeld said: 'We took the decision to withdraw our offer
when it became clear that we would not be successful in securing regulatory
approval for our proposal despite offering a variety of substantial remedies,
including the sale of the NYSE SRO and related businesses. We saw a unique
opportunity to create more value for stockholders and strengthen the U.S. as a
center for capital formation amid an ongoing shift of these vital activities
and jobs outside of our country.
'NASDAQ OMX has demonstrated an ability to outperform, whether the comparison
is against all other equity exchanges today, or even against the largest
derivatives exchanges. We have achieved outstanding earnings growth over the
last few years and are confident that our global model features a healthy mix
of product diversification and will continue to thrive based on our efficiency
and ability to innovate.
'We wish to thank our many customers and shareholders who supported our
proposal and acknowledge the efforts of the Antitrust Division in expediting
their review of our Joint Proposal. We have said from the beginning that NYSE
Euronext shareholders should not be forced to vote on their combination with
Deutsche Boerse while antitrust concerns continued to exist in both the U.S.
and the EU. While we are surprised and disappointed in the Antitrust Division's
conclusion, some of the uncertainty, at least as it relates to our Joint
Proposal, has been resolved.'
ICE Chairman and CEO Jeffrey C. Sprecher said: 'We appreciate the strong
support of our investors as we made an opportunistic and disciplined move to
pursue an attractive combination that would preserve competition in the
European derivatives markets. We will maintain our strong focus on the many
initiatives we have underway to continue our track record of delivering
industry-leading growth and returns for our customers and stockholders. Amid
this transaction, we announced the formation of our Brazilian energy market
partnership known as BRIX, the launch of 68 new products, and we reported the
best quarter in the company's history.
'I also want to acknowledge the consideration shown by NYSE Euronext
stockholders for our joint proposal, which was undertaken with seriousness and
a concern for the evolving global market structure. We will continue to seek
opportunities that benefit our customers and stockholders, and that leverage
our unique global market infrastructure in commodities, derivatives and
clearing.'
Additional Details
Other supporting information related to this proposal are available on
http://www.nasdaq.com/deal and http://ir.theice.com.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
with approximately 3,600 listed companies. NASDAQ OMX offers multiple capital
raising solutions to companies around the globe, including its U.S. listings
market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the
U.S. 144A sector. The company offers trading across multiple asset classes
including equities, derivatives, debt, commodities, structured products and
exchange- traded funds. NASDAQ OMX technology supports the operations of over
70 exchanges, clearing organizations and central securities depositories in
more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal
entities but describe the common offering from NASDAQ OMX exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow
NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653)
and Twitter (http://www.twitter.com/nasdaqomx).
About IntercontinentalExchange
IntercontinentalExchange (NYSE:ICE) is a leading operator of regulated futures
exchanges and over-the-counter markets for agricultural, credit, currency,
emissions, energy and equity index contracts. ICE Futures Europe hosts trade in
half of the world's crude and refined oil futures. ICE Futures U.S. and ICE
Futures Canada list agricultural, currencies and Russell Index markets. ICE is
also a leading operator of central clearing services for the futures and
over-the-counter markets, with five regulated clearing houses across North
America and Europe. ICE serves customers in more than 70 countries.
www.theice.com
The following are trademarks of IntercontinentalExchange, Inc. and/or its
affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE
Futures Europe and ICE Clear Europe. All other trademarks are the property of
their respective owners. For more information regarding registered trademarks
owned by IntercontinentalExchange, Inc. and/or its affiliated companies,
seehttps://www.theice.com/terms.jhtml.
Forward-Looking Statements
Information set forth in this communication contains forward-looking statements
regarding the businesses of NASDAQ OMX and ICE that are intended to be covered
by the safe harbor for forward-looking statements provided by the Private
Securities Litigation Reform Act of 1995. NASDAQ OMX and ICE caution readers
that any forward- looking information is not a guarantee of future performance
and that actual results could differ materially from those contained in the
forward-looking information. Such forward-looking statements include, but are
not limited to (i) projections about future growth, financial condition and
results of operations, (ii) statements regarding future strategic or business
plans, and (iii) other statements that are not historical facts.
Forward-looking statements involve a number of risks, uncertainties or other
factors beyond NASDAQ OMX's and ICE's control. These factors include, but are
not limited to, NASDAQ OMX's and ICE's ability to implement its strategic
initiatives, economic, political and market conditions and fluctuations,
government and industry regulation, interest rate risk, U.S. and global
competition, and other factors detailed in each of NASDAQ OMX's and ICE's
filings with the U.S. Securities and Exchange Commission (the 'SEC'), including
(i) NASDAQ OMX's annual reports on Form 10-K and quarterly reports on Form 10-Q
that are available on NASDAQ OMX's website at http://nasdaqomx.com and (ii)
ICE's annual reports on Form 10-K and quarterly reports on Form 10-Q that are
available on ICE's website at http://theice.com. NASDAQ OMX's and ICE's filings
are also available on the SEC website at www.sec.gov. NASDAQ OMX and ICE
undertake no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise.
ICE-CORP
NDAQG
CONTACT: IntercontinentalExchange
Media and Investor Contact:
Kelly Loeffler
+ 1 770 857 4726
kelly.loeffler@theice.com
NASDAQ OMX
Media:
Frank De Maria
+1 212 231 5183
frank.demaria@nasdaqomx.com
Investor:
Vincent Palmiere
+1 301 978 5242
vincent.palmiere@nasdaqomx.com
News Source: NASDAQ OMX
16.05.2011 Dissemination of a Corporate News, transmitted by DGAP -
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
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ISIN: US6311031081
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End of Announcement DGAP News-Service
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DGAP-News: NASDAQ OMX and IntercontinentalExchange Withdraw Their Proposal to Acquire NYSE Euronext
| Source: EQS Group AG