Sen. Schumer: Wary On Possible Job Cuts In Nasdaq, ICE Bid For NYSE
02 Aprile 2011 - 12:49AM
Dow Jones News
Sen. Charles Schumer (D., N.Y.) said Friday he is worried a
proposed deal to carve up NYSE Euronext Inc. (NYX), which operates
the New York Stock Exchange, could trigger layoffs in New York.
Nasdaq OMX Group Inc. (NDAQ) and IntercontinentalExchange Inc.
(ICE) announced an unsolicited $11.3 billion offer Friday to
acquire NYSE Euronext, which is already planning to merge with
Frankfurt-based Deutsche Boerse (DBOEF, DB1.XE).
Schumer said through a spokesman that he is "concerned about how
this deal affects jobs in New York."
He said he asked Nasdaq CEO Robert Greifield and ICE CEO Jeffrey
Sprecher to send him details of the impact of their proposed deal
on New York's workforce.
-By Jessica Holzer, 202-862-9228;
jessica.holzer@dowjones.com
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