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Tuesday, April 5, 2011

NYSE board to meet on Nasdaq by April 14-source, (NYSE: NYX), (NASDAQ: NDAQ), (NYSE: ICE)

NYSE Euronext's (NYX.N) board of directors plans to meet by April 14 to consider Nasdaq OMX Group's (NDAQ.O) unsolicited takeover bid, though no firm date has been set, a person familiar with the plan said on Tuesday. On Friday, Nasdaq partnered with U.S.-based IntercontinentalExchange Inc (ICE.N) to make an $11.3-billion offer for the Big Board parent, an attempt to thwart a friendly $10.2-billion takeover offer from Germany's Deutsche Boerse (DB1Gn.DE). The counterbid would bring together fierce U.S. rivals Nasdaq and NYSE and hand the target company's profitable derivatives business to ICE, revamping ownership of the world's capital markets as a merger frenzy takes hold.

Source