NYSE Euronext shares fell over 10% on the
news, which came despite Nasdaq proposals to sell off parts of
the NYSE Euronext portfolio. The shares are now trading at
$37.76 a share, around the level of the Deutsche Börse
Bob Greifeld, NASDAQ OMX CEO 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
The surprise withdrawal from Nasdaq and
ICE leaves Deutsche Börse firm favourites to win control
of the exchange.
Jeffrey C. Sprecher, ICE Chairman and CEO,
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.
"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."