Euronext turned down a merger bid from Deutsche Börse earlier this month, preferring a rival bid from the New York Stock Exchange. But Deutsche Börse continued to push for a merger, putting in a revised proposal this week - which has also now been rejected.
Meanwhile, Borsa Italiana continues its talks with Euronext, its preferred merger partner. Euronext said this morning that the discussions were focusing on "more detailed elements" of the merger. But La Tribune reported that sources close to the deal said there was little prospect of a formal bid in the immediate future.