NEW YORK/LONDON (Reuters) – NYSE Euronext's attempts to charm investors into backing the lowest of two bids were overshadowed by investor demands the exchange open talks with arch-rival Nasdaq OMX.
At a packed shareholder meeting in New York on Thursday, the Big Board owner faced mounting calls that it talk to its cross-town rival, whose $11.2 billion advances it has rejected in favor of a near $10 billion all stock merger with Deutsche Boerse.
Kenneth Steiner, who owns about 1,000 NYSE Euronext shares, called for the board to be ousted and accused the company of selling itself too cheaply by ignoring the Nasdaq-led cash and stock bid.
via news.yahoo.com
