Nasdaq OMX Group Inc's (NDAQ.O) possible counter-bid for NYSE Euronext (NYX.N) faces some big hurdles, including funding a complicated deal and convincing Big Board shareholders that it's better than Deutsche Boerse's (DB1Gn.DE) offer, experts said. Nasdaq is moving closer to making a bid to trump Deutsche Boerse's more than $9 billion deal for NYSE Euronext, but it must first find $5 billion of debt financing. Any rival offer would also have to account for a relatively steep 250 million euro ($347.5 million) termination fee on the NYSE-D.Boerse deal.
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