In the wake of a higher counter bid by a pair of U.S.-based exchanges for NYSE Euronext, the European Union's commissioner for markets makes the case for Germany's Deutsche Boerse to win the day, saying Europe's financial centers need to remain strong.
Deutsche Boerse offered $35 a share for NYSE Euronext in February only to be trumped by Nasdaq OMX and InterContinental Exchange last week when they proposed $42.50 a share.
In an interview with Reuters, E.U. Commissioner Michel Barnier said he is not convinced in the U.S. exchanges' interest, however, and does not want Europe to become an "outsourcer" of finance.
- EU's Barnier backs "strong" Europe in NYSE battle
- The battle for NYSE turns political