FBN’s Charlie Gasparino reports that “rubber meets the road” today at the Department of Justice [DOJ] as “NASDAQ (NDAQ) officially makes its case to buy the New York Stock Exchange (NYX).” Gasparino explains NASDAQ “will lay out to the DOJ Antitrust Division why this is a good deal and why it doesn’t violate antitrust laws.” Excerpt from the report can be found below, courtesy of Fox Business Network.
On NASDAQ presenting their case to the Department of Justice regarding a bid for the New York Stock Exchange:
“Sources tell the FOX Business Network the rubber meets the road and NASDAQ officially makes its case to buy the New York Stock Exchange where it will lay out to the DOJ Antitrust Division why this is a good deal and why it doesn’t violate antitrust laws. Bankers close to the NASDAQ doubt they are going to get a definitive statement. They are looking for a wink and a nod.”
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