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Tuesday, March 15, 2011

Nasdaq faces uphill battle in winning NYSE -experts, (NASDAQ: NDAQ), (NYSE: NYX), (NYSE: ICE)

Nasdaq OMX Group Inc's (NDAQ.O) expected counterbid for NYSE Euronext (NYX.N) faces some big hurdles, including funding the deal and getting three different companies to reach an agreement, experts said. Nasdaq is hoping to trump Deutsche Boerse's (DB1Gn.DE) more than $9 billion bid for NYSE Euronext, but it must first find $5 billion of debt financing. The exchange would also need to team up with the IntercontinentalExchange Inc, (ICE.N) which would look to buy NYSE Euronext's lucrative interest-rate future's business, according to a source familiar with the situation. [ID:nN14258673]

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