Gasparino: Hostile Bid for NYSE Still on the Table

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Published February 22, 2011

| FOXBusiness

Nasdaq OMX Group and the IntercontinentalExchange are seriously considering making a hostile takeover bid for NYSE/Euronext. 

According to FOX Business Network's Charlie Gasparino, the Nasdaq OMX Group (NDAQ) and the IntercontinentalExchange (ICE) are asking ratings agencies for their opinions on a potential takeover attempt. 

Officials from Nasdaq OMX Group have come to the conclusion that the Nasdaq exchange can no longer exist as a solo entity, prompting the potential bid, sources told Gasparino.

NYSE/Euronext (NYX) recently announced a merger with the Deutche Bourse group and has been the subject of speculation since the deal was announced. 

The CME Group (CME), which oversees the CME Globex Exchange, is also considering making a hostile takeover attempt.

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http://www.foxbusiness.com/markets/2011/02/22/gasparino-nasdaqice-mulling-hostile-bid-nyse/