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NASDAQ/ICE sweeten NYSE bid

Comments (0) | 19 Apr 2011 | Rating Rating (-1 to +1): 0.0

| Print by Brad Allen

The two bidders say a $350 mn termination fee demonstrates their confidence that a deal would be approved by regulators

Joint bidders NASDAQ OMX and IntercontinentalExchange just threw another $350 mn chip on the table to sweeten their merger offer for long-time rival NYSE Euronext.

NASDAQ and ICE today boosted their offer for the Big Board by adding a $350 mn ‘reverse termination fee’ and put renewed pressure on NYSE ...

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