U.S. Morning Call: ICE in talks to buy NYSE Euronext
Wednesday, December 19, 2012 - 03:47
Dec. 20 - IntercontinentalExchange is in talks to buy NYSE Euronext, the operator of the New York Stock Exchange.
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Let's take up Thursday morning call with -- multi billion dollar offer. He IntercontinentalExchange. Talks to buy NYSE Euronext according to sources. The deal could go through as early as today and would help ice take on arch rival CME group. The deal would value the NYSE at 33 dollars per share at 37%. Premium to its closing price on Wednesday at twenty for a box. At the closed the NYSE was worth about five point eight billion dollars. Meaning that ice maybe willing to pay roughly eight billion bucks for the big board operator. An analyst UBS thinks the timing of the deal makes cents. With the regulatory changes it changes driving work contracts. Toward clearing houses the NYSE is trying to build a clearinghouse and Europe. While ice already owns one. As for ice it's planted by the NY SEI's -- may not face the same challenges that face when it teamed up with NASDAQ two years ago. That it ran into trouble as US antitrust regulators worried the deal would bring all US stock listings under one. On the other hand sending one of its Motorola businesses ought to live under a new group. Selling its set top TV box maker Motorola home you know that sits on top TV and receive the cable satellite signal. The buyer ARRIS Group shelling out 2.3 billion dollars in cash and stock. Companies say the profitable Motorola home would expand ARRIS is patent portfolio. There is that magic word Patton. Yet another ruling an ongoing court battle between apple and Samsung this time for this. That's right the pinch to zoom feature found not both apple and Samsung products. The US Patent and Trademark Office rejecting Apple's claims on the news. -- to take a look at the markets US stock futures pointing to a lower start today but there's a slew of economic data that could change the course of stocks. Check out this we've got the final GDP number for the third quarter coming out at 8:30 eastern. That's expected to revised up from two point seven to two point 8%. We've also got jobless claims data and existing home sales figures out later this morning. In earnings today don't expect any miracles at -- the company set to report its third straight quarterly loss and may provide some details on further cost cutting. The stock has been getting some love from analysts waiting for the launch of the Blackberry ten in January. Shares of doubled in price since September 24 when the stock was trading slightly above six bucks. Also got Nike reporting after the bell the retailer shocked markets with a 12% drop in the last quarter and news of falling orders in China. Let's see if they could just do it this corner. Take a look at some stocks slipping today activist investor bill -- and confirmed he's betting against Herbalife sparking it cost to rebuke from the company's CEO. The -- sent shares of the weight management product company reeling they're down 2% in the premarket. And finally food safety authorities have shut down too chicken farms in China. Including one that supplies Yum! Brands KFC and McDonald's. Samples are being tested for chemical laced feed that may accelerate paltry growth. -- shares falling roughly two and a half percent yesterday while McDonald's is trading slightly higher in the premarket. That's different Thursday's morning call follow us on Twitter at Reuters Insider in check out our -- -- YouTube channel at Reuters dot com slash Reuters TV. I'm Lisa Bernhard this is Reuters.
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