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Posted on April 12, 2011
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Traders work on the floor of the New York Stock Exchange, April 8, 2011.
Credit: Reuters/Brendan McDermid
RIO DE JANEIRO | Tue Apr 12, 2011 12:02pm EDT
RIO DE JANEIRO (Reuters) – Nasdaq and Intercontinentalexchange Inc will continue to press management of rival exchange NYSE to accept their takeover offer, ICE CEO Jeffrey Sprecher said on Tuesday.
“We think the proposal has merits so we will continue that process,” regarding the offer, Sprecher told reporters in Rio de Janeiro, where he is attending an exchange conference. Both Nasdaq and ICE have received “excellent response” from NYSE shareholders on the bid, he said.
(Reporting by Brian Ellsworth; Writing by Guillermo Parra-Bernal; Editing by Lisa Von Ahn)