International Securities Exchange (ISE-NYSE), the options and stock trading platform operator, is seeing shares surge on reports of a $68.00 bid being considered by Germany’s Deutsche Boerse. The WSJ has reported that the companies are in advanced talks and shares are up more than 35% pre-market at nearly $63.00.
ISE’s 52-week trading range is $33.33 to $57.44. This is the sort of issue that drives more and more talk and speculation in an already-consolidating industry. Intercontinental Exchange (ICE-NYSE) is trading up 2.7% at $130.00 pre-market. NYMEX Holdings (NMX-NYSE) is trading up 1.7% at $131.99. NASDAQ Stock Market (NDAQ) is trading up 1% at $33.25.
The street is treating this one like it’s already done, and based on how the stock is doing there may now not be much choice on the receiving end of any deal.
Jon C. Ogg
April 30, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.