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ICE CEO Jeffrey Sprecher, left, and his NYSE counterpart Duncan Niederauer.
ICE CEO Jeffrey Sprecher, left, and his NYSE counterpart Duncan Niederauer.
(Richard Drew/AP)

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NYSE’s Niederauer takes an ICE-cold shower

At least Duncan Niederauer isn’t blind to the inevitable. The NYSE Euronext chief executive has agreed to sell the Big Board to IntercontinentalExchange for $8.2-billion (U.S.). While that’s a 37-per-cent premium to Wednesday’s closing price, it’s a quarter less than ICE offered in its joint bid with Nasdaq OMX last year.