NYSE Euronext Plans Spin-Off and 3 Stocks Rising to 52-Week Highs

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NYSE Euronext (NYSE:NYX): Closing price $33.35

Chief Executive Duncan Niederauer said that his firm will not divest its European business so as to compete, following a planned merger with IntercontinentalExchange (NYSE:ICE), but intends rather to spin off Euronext, says The Wall Street Journal, which added that both Nasdaq OMX (NASDAQ:NDAQ) and the London Stock Exchange have placed informal inquiries about acquiring Euronext, citing inside sources. Shares closed down 0.3 percent on the day at $33.35, and have traded in a 52-week range between$22.25 and $33.47.

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