Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, March 14, 2011

Nasdaq nears rival bid for NYSE -source, (NASDAQ: NDAQ), (NYSE: NYX), (NYSE: ICE)

Nasdaq OMX Group Inc (NDAQ.O) is moving closer to making a rival offer for NYSE Euronext (NYX.N), in a move that would challenge NYSE's blockbuster deal with Deutsche Boerse (DB1Gn.DE), a source familiar with the situation said on Monday. Under the offer being contemplated, Nasdaq would finance the transaction with up to $5 billion in debt and sell NYSE's Liffe derivatives business to IntercontinentalExchange Inc (ICE.N), according to the source. An offer could come as early as this week, the source said.

Source