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

Tuesday, November 19, 2013

Three exchange firms considering bids for Euronext - WSJ, (NASDAQ: NDAQ)

London Stock Exchange Group, Nasdaq OMX Group Inc and Deutsche B�rse AG are considering individual offers for European exchange group Euronext, the Wall Street Journal reported, citing people familiar with the discussions. The three stock exchange companies have each discussed with advisers the possibility of making offers for Euronext, although none has hired bankers to launch a formal bid. The European exchange group is set to be spun off after it was acquired last week by IntercontinentalExchange Group Inc, the newspaper reported.ICE, the Atlanta-based commodities and derivatives trading giant, committed to separating Euronext after the deal in part to satisfy European policy makers' and regulators' concerns about the standing of European markets in the bigger U.S.-based company, the report said. ()None of the companies could be reached for comments by Reuters outside of regular business hours.

The NASDAQ OMX Group, Inc. (NASDAQ OMX) is a holding company. Shares of NDAQ traded higher by 1.4% or $0.52/share to $37.60. In the past year, the shares have traded as low as $22.95 and as high as $37.62. On average, 1278960 shares of NDAQ exchange hands on a given day and today's volume is recorded at 1400613.



Source