Nasdaq OMX Group Inc.'s (NDAQ) talks with other exchanges to
mount a hostile bid for NYSE Euronext (NYX) are progressing and a
decision should come in the next few days and no later than next
week, Fox Business's Charles Gasparino reported Wednesday, citing
people with knowledge of the talks.
IntercontinentalExchange Inc. (ICE) appears to be Nasdaq's most
likely partner, Gasparino said, but talks with CME Group Inc. (CME)
are also ongoing. "I can't say they are going to do it," he said,
"but things are clearly progressing and everything is in play."
Nasdaq and ICE have sought the opinion of rating agencies on a
potential NYSE bid, he said. Any potential bid to break up Deutsche
Boerse AG's (DB1.XE) merger agreement with NYSE would have to be at
least $11 billion, he added.
Full story at www.foxbusiness.com
-Dow Jones Newswires; 212-416-2900