German Dreams

NYSE Euronext has rejected the takeover bid by the Nasdaq OMX Group/ICE.Nasdaq /ICE cash stock bid of $11.3 billion was much higher than Deutsche Borse's all stock bid of $9.7 billion.It is a different story that how could Nasdaq borrow that much of money to finance its offer remains a mystery. Robert Greifeld,CEO of Nasdaq has an option to appeal directly to tha NYSE shareholder,but that dosen't looks workable to me.Interestingly,there was a tremendous pressure from companies like General Motors and others who prefer to be listed on Deutsche Borse if Nasdaq's bid gets green signal ! Meanwhile, the German investors are quite happy with the deal as this is going to be the first steps by Chancellor Angela Merkel towards arm twisting in Global financial world.Reto Francioni of Deutsche Borse would become the chairman of the combined company and will take all the major decicion while Duncan Niederauer of NYSE-Euronext would become its chief executive and will work as a subordinate to the chairman. The combined company plans to keep dual headquarters in Frankfurt and New York which is not possible in long term,agreed to work closely with each other.The Germans has a hidden intention to keep the headquarter in Frankfurt.