NYSE board rejects sweetened bid from Nasdaq, ICE

Reuters

NEW YORK (Reuters) - NYSE Euronext directors on Thursday rejected a sweetened takeover offer from Nasdaq OMX Group and IntercontinentalExchange , the second time in 11 days the board had made the unanimous decision.

NYSE Euronext Chairman Jan-Michiel Hessels said in a statement that the revised bid, made this week, "is substantially the same as what was previously rejected," and "has unacceptable execution risk."

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The board reaffirmed its support for a friendly, albeit lower, takeover offer from Deutsche Boerse AG .

(Reporting by Jonathan Spicer, editing by Gerald E. McCormick)