Officials at the NYSE Euronext (NYSE:NYX) may have accepted a deal from Deutsche Boerse, but rival exchanges aren’t walking away quietly.
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The demand would come in a letter to Niederauer citing conflicts of interest that may impair his judgment as to whether a NASDAQ/ICE bid would be better for shareholders than Deutsche Boerse’s $35.29 a share offer. It is speculated that Niederauer, who has served as CEO since 2007, would be out of a job under a NASDAQ/ICE deal.
Sources say NASDAQ will make its decision to formally ask for Niederauer’s removal depending on whether he agrees to formally consider its bid at the NYSE April 28 board meeting.