FBN’s Charlie Gasparino reports that NASDAQ “will decide by sometime next week about this hostile bid for the New York Stock Exchange”. Gasparino said this will be “a joint bid” with the Intercontinental Exchange (ICE) and the hostile bid could force Deutchse Boerse “to increase its 9.5 billion dollar price tag.”
Excerpts from the report ; courtesy of Fox Business Network:
On why NASDAQ is considering this hostile takeover of the NYSE:
“The NASDAQ is telling the FOX Business Network we will decide by sometime next week about this hostile bid for the New York Stock Exchange. Sources are telling us NASDAQ is willing to pay 11 billion dollars in this hostile bid and it would be a joint bid with the ICE. The CME is back in there snooping talking to the NASDAQ about joining this bid too. What’s more interesting is what you hear from trading pits. What sources are saying is the Deutchse Boerse may be forced to increase its 9.5 billion dollar price tag for the New York Stock Exchange. Arbitrage traders bidding up this deal. It looks like they will have to increase their bid if they want to stay in the game. If this NASDAQ fails in a hostile bid, it has very few options.”
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