17 October 2017
Register now

Nyse Euronext shares spike on ICE takeover talk

12 July 2007  |  4323 views  |  0 Statue of Liberty

Shares in transatlantic exchange operator Nyse Euronext spiked yesterday on analyst speculation that it is gearing up to bid for electronic energy marketplace IntercontinentalExchange (ICE).

Nyse Euronext stock jumped five per cent after Lehman Brothers upgraded it to "overweight" from "market weight" yesterday. Shares in ICE, which lost out to the Chicago Mercantile Exchange (CME) in the bidding for Chicago Board of Trade (Cbot), also surged on the back of the speculation.

ICE stock has risen around 20% since it first bid for the Cbot in March on the back of rumours that it will become an acquisition target itself. Both Nyse Euronext and New York Mercantile Exchange (Nymex) have been touted as possible buyers.

Nyse Euronext chief executive John Thain told investors in June the company was looking at acquisitions to expand its US futures trading business.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

CME seals Cbot merger deal

CME seals Cbot merger deal

10 July 2007  |  7425 views  |  0 comments
Nyse Euronext enters bidding for Borsa Italiana

Nyse Euronext enters bidding for Borsa Italiana

22 June 2007  |  4710 views  |  0 comments
Nyse Euronext doubles Q1 profits; eyes up derivatives business

Nyse Euronext doubles Q1 profits; eyes up derivatives business

26 April 2007  |  4891 views  |  0 comments
ICE makes surprise $10 billion bid for Cbot

ICE makes surprise $10 billion bid for Cbot

15 March 2007  |  6556 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.com visit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14623 views comments | 12 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13160 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
9033 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8044 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7680 views comments | 13 tweets | 13 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job