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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). [ID:nL3E7F11TO] [ID:nN04281862] 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.

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