The board of NYSE Euronext has discarded an unsolicited takeover offer from Nasdaq OMX Group and the IntercontinentalExchange (ICE). NYSE has chosen its deal with Deutsche Boerse over the $11.3 billion Nasdaq-ICE offer, adds Reuters. The $10.2 billion Deutsche deal, which was previously announced in February, will create the world’s biggest exchange operator. Under the rejected Nasdaq-ICE proposal, Nasdaq would take NYSE’s stock-trading businesses and ICE would acquire the London-based derivatives divisions.

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