Sen. Charles Schumer has waded into the stock-exchange takeover wars, demanding Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. provide details of potential job losses should they succeed in their joint bid to buy NYSE Euronext.
In a letter expected to be sent to the heads of Nasdaq and ICE on Monday, Sen. Schumer (D., N.Y.) is seeking more information on the companies’ planned cost cutting, a person familiar with the matter said.
Here. Tyrants are always demanding something from their
subjects citizens. They think they own everything.