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State Senator Joe Leibham to not seek recount for last week's election

SHEBOYGAN, WI (WHBL) - Joe Leibham will not seek a recount for last week's 6th House District Republican primary. The Sheboygan state senator lost the four man race to State Senator Glenn Grothman by 219 votes, which was close enough to ask for a recount that would have been paid for by local government units. In a statement made Friday afternoon, Leibham said he has contacted Grothman about his decision and wished him well in the November general election.  He adds he is happy of the ...

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Warren Buffett made late-2012 bid for NYSE Euronext: sources

(Reuters) - Warren Buffett made a bid to acquire New York Stock Exchange operator NYSE Euronext last November, but his offer was less than one already on the table from IntercontinentalExchange Inc , two people familiar with the matter said.

The sources, speaking on condition of anonymity because they were not authorized to discuss the matter publicly, said Buffett's conglomerate Berkshire Hathaway was the "Company A" bidder disclosed in a regulatory filing by ICE on Monday.

Buffett's assistant could not immediately comment on the report. NYSE Euronext declined to comment. The news was first reported by CNBC's David Faber.

ICE agreed to buy NYSE Euronext late last month for $8.2 billion following about two months of talks.

Before the deal closed, NYSE's board of directors instructed the company's bankers to pursue alternatives, according to the ICE filing with the U.S. Securities and Exchange Commission.

Bankers from Perella Weinberg approached "Company A" on November 25, the filing said. On November 28, "Company A" presented an offer that was less than the ICE bid and was conditioned on the sale of NYSE Euronext's European derivatives business for a minimum price.

At a NYSE board meeting December 12 and 13, Perella Weinberg indicated that it was still working with "Company A" but that the bidder had not improved the offer. There was no further mention of the unnamed bidder in the filing.

Had Berkshire done the deal, it would have been somewhat small by Buffett's standards. He spent much of 2012 trying to do deals in the $20 billion range, and even said at one point that he might have to look at doing a $30 billion deal this year.

(Reporting by John McCrank in New York; Writing by Ben Berkowitz; Editing by John Wallace)

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