* Two exchanges take $11 bln offer to NYSE shareholders
* NYSE board twice rejected offer in favor of D.Boerse
NEW YORK, May 2 (Reuters) - Nasdaq OMX Group and
IntercontinentalExchange Inc took their $11 billion
takeover bid for NYSE Euronext straight to Big Board
shareholders on Monday with a tender offer.
The pair's move, which was expected after the NYSE board
twice rejected their offer in favor of one by Germany's
Deutsche Boerse AG , sets the stage for a lengthy
battle for the exchange operator's future.
(Reporting by Jonathan Spicer and Paritosh Bansal; Editing by
Bernard Orr)