Deals wrap: Nasdaq and ICE take NYSE bid hostile
Nasdaq OMX and IntercontinentalExchange will take their takeover bid for NYSE Euronext straight to the Big Board’s shareholders as they try to corner the company into talks. NYSE has already rejected Nasdaq and ICE’s $11 billion unsolicited offer twice in favor of a lower bid from Deutsche Boerse.
In this Reuters Dealtalk article, the reporters suggest that as deal volume and CEO confidence picks up, companies will become more daring and willing to take risks in their fight for assets. The case of Nasdaq and ICE taking their bid for NYSE hostile is a prime example of this attitude.
Investment firm Onex and its affiliates said they will sell their Husky International business to private equity firms Berkshire Partners and Omers Private Equity for $2.1 billion. Husky is one of the world’s largest suppliers of injection molding equipment and services to the plastics industry.
There has been a flurry of acquisitions in the technology industry. TechCrunch reports Twitter is set to buy TweetDeck for $40 to $50 million, and an announcement of the transaction is expected over the next few days. Group buying site BuyWithMe acquired Chicago-based daily deals site DealADayOnline to expand its regional offerings and TrueCar, a site which helps people research new and used car prices, struck a deal to buy automotive social media company Honk.com.