NYSE rejects takeover offer from Nasdaq

     NEW YORK, April 10 (Xinhua) -- The New York Stock Exchange Euronext said on Sunday that its board has rejected a takeover bid from the owner of Nasdaq OMX and Intercontinental Exchange(ICE).

    NYSE Euronext Chairman Jan Michiel Hessels said in a statement on Sunday that the Nasdaq-ICE' s 11.3-billion-dollar joint¹ bid based on the breakup of NYSE Euronext was not in the exchange operator' s best interests.

    "The highly conditional² break-up proposal from Nasdaq/ICE would also require shareholders³(股东投资者) to shoulder unacceptable execution risk," Hessels said.

    "Breaking up NYSE Euronext, burdening the pieces with high levels of debt, and destroying its invaluable⁴ human capital, would be a strategic mistake in terms of where the global markets are going, and is clearly not in the best interests of our shareholders," he added.

    Hessels confirmed the Deutsche Boerse deal would create more value for investors⁵.

    Meanwhile, Deutsche Boerse also said on Sunday that its planned acquisition of NYSE Euronext was on track after NYSE's board of directors unanimously rejected a counter offer by Nasdaqand ICE.

    According to the statement addressed by Deutsche Boerse, the company "shares the view of NYSE Euronext that the agreed merger⁷ will create compelling value for shareholders of both companies."Deutsche Boerse said it has commenced regulatory proceedings⁸ and made progress on its 9.5-billion-dollar deal to merge⁶ with NYSE. The deal was announced in February, 2011 and would make Deutsche Boerse shareholders to have 60 percent shares of NYSE.

    Nasdaq OMX and ICE on April 1 announced a joint bid to buy the NYSE Euronext, a 19 percent premium⁹ over previous offer by Germany's Deutsche Boerse.

    Nasdaq and ICE said in a statement that the offer would be priced at 42.50 dollars per share. According to the proposal, ICE would purchase NYSE's valuable derivatives¹⁰ business while Nasdaq would acquire its stock exchanges and options businesses.（本文由在线英语听力室整理编辑）

1 joint   

adj.联合的，共同的；n.关节，接合处；v.连接，贴合

参考例句：

• I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
• We wrote a letter in joint names.我们联名写了封信。

2 conditional   

adj.条件的，带有条件的

参考例句：

• My agreement is conditional on your help.你肯帮助我才同意。
• There are two forms of most-favored-nation treatment:conditional and unconditional.最惠国待遇有两种形式:有条件的和无条件的。

3 shareholders   

n.股东( shareholder的名词复数 )

参考例句：

• The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
• the company's fiduciary duty to its shareholders 公司对股东负有的受托责任

4 invaluable   

adj.无价的，非常宝贵的，极为贵重的

参考例句：

• A computer would have been invaluable for this job.一台计算机对这个工作的作用会是无法估计的。
• This information was invaluable to him.这个消息对他来说是非常宝贵的。

5 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

6 merge   

v.(使)结合，(使)合并，(使)合为一体

参考例句：

• I can merge my two small businesses into a large one.我可以将我的两家小商店合并为一家大商行。
• The directors have decided to merge the two small firms together.董事们已决定把这两家小商号归并起来。

7 merger   

n.企业合并，并吞

参考例句：

• Acceptance of the offer is the first step to a merger.对这项提议的赞同是合并的第一步。
• Shareholders will be voting on the merger of the companies.股东们将投票表决公司合并问题。

8 proceedings   

n.进程，过程，议程；诉讼(程序)；公报

参考例句：

• He was released on bail pending committal proceedings. 他交保获释正在候审。
• to initiate legal proceedings against sb 对某人提起诉讼

9 premium   

n.加付款；赠品；adj.高级的；售价高的

参考例句：

• You have to pay a premium for express delivery.寄快递你得付额外费用。
• Fresh water was at a premium after the reservoir was contaminated.在水库被污染之后，清水便因稀而贵了。

10 derivatives   

n.衍生性金融商品；派生物，引出物( derivative的名词复数 )；导数

参考例句：

• Many English words are derivatives of Latin words. 许多英语词来自拉丁语。 来自《简明英汉词典》
• These compounds are nitrosohydroxylamine derivatives. 这类合成物是亚硝基羟胺衍生物。 来自辞典例句