Nasdaq OMX Group (NDAQ.O) and Intercontinental Exchange Inc (ICE.N) lined up financing for their $11.3 billion bid for the New York Stock Exchange's parent and offered to pay a $350 million fee should the proposed deal be rejected by regulators. The move seeks to address two concerns raised by NYSE Euronext, whose board unanimously rejected the unsolicited bid in favor of a friendly one by Germany's Deutsche Boerse AG (DB1Gn.DE) valued at $10.2 billion. Nasdaq Chief Executive Robert Greifeld and ICE CEO Jeffrey Sprecher said in a joint statement on Tuesday they hope the board will engage in talks now they have submitted a proposed merger agreement. The two executives criticized NYSE's board for rebuffing their offer last week without discussions.
Source
