Edward Ditmire

ICE Cut to Neutral by Macquarie as NYSE Deal Lowers Revenue

Intercontinental Exchange Inc., which agreed to buy NYSE Euronext last month, was downgraded by Macquarie Group Ltd. as revenue growth slows and cost-cutting and integrating the two companies become a focus until 2014.

CBOE’s Brodsky to Step Down After 16 Years, Tilly Named C

William Brodsky will step down as chief executive officer of CBOE Holdings Inc. in May, ending his 16-year tenure running the biggest operator of U.S. options markets. He will become executive chairman of the board.

Intercontinental Beats Analyst Estimates on Lower Tax Rate

Intercontinental Exchange Inc., the second-largest U.S. futures market, reported third-quarter profit that beat analyst estimates as a lower tax rate helped the company keep more of its revenue.

NYSE Owners Become Biggest Losers on Niederauer’s German Embrace: Real M&A

Duncan Niederauer’s embrace of Deutsche Boerse AG is transforming NYSE Euronext’s “merger of equals” into the worst takeover in America.

Maple’s Bid for TMX Group More Likely With Exchange Support

A takeover of Toronto Stock Exchange owner TMX Group Inc. by a group of Canadian banks and pension funds is “significantly” more likely to succeed after TMX’s board endorsed the C$3.73 billion ($3.73 billion) offer, analysts said.

TMX Told Canadian Antitrust Regulator Has Serious Concerns Over Maple Deal

TMX Group Inc. fell the most since August after Canada’s competition watchdog said it has “serious concerns” about the proposed C$3.73 billion ($3.67 billion) takeover of the Toronto Stock Exchange owner.

TMX-Maple Deal Seen Unraveling as Biggest Exchange Gains Vanish: Real M&A

TMX Group Inc., which has gained the most of any exchange involved in the industry’s biggest wave of acquisitions, is now in danger of being left without a buyer.

TMX Rally Shows Optimism for Maple Deal Rising

Investors are more optimistic a takeover of TMX Group Inc. by a group of banks and pension funds will go ahead after Canada’s antitrust watchdog said its concerns on the deal may be eased.

TMX Shareholders Say Rival Suitors Need to Sweeten Bids

London Stock Exchange Group Plc and the Canadian banks and pension funds battling for control of TMX Group Inc. need to sweeten their bids because the competing cash and stock offers are too similar, investors said.

Nobody Wants TMX With 198% Arbitrage Profit on Maple Acquisition: Real M&A

Not even the prospect of reaping a 198 percent annualized return in one month can dissuade traders from betting that the $3.73 billion takeover of TMX Group Inc. is more likely to unravel than any other deal in North America.

"We're intrigued, but think too early to invest in a '14- '15 story."

- Edward Ditmire on Jan 09, 2013

New York

Canada

Quebec

Thomas Caldwell

Singapore Breaks Into Homes to Stem Dengue Fever: Southeast Asia

Nat Rothschild Rues ‘Terrible Mistake’ in Deal Gone Sour

Obama Vows Action After Air Force Officer Assault Arrest

Dow Climbs Above 15,000 on Stimulus Optimism, Earnings

Governor Christie Had Weight Loss Surgery in February