NASDAQ hostile bid for NYSE?

Discussion in 'Wall St. News' started by ChkitOut, Mar 14, 2011.

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    Nasdaq Stock Market owner Nasdaq OMX Group Inc., in the latest salvo in the global exchange consolidation race, moved closer to making a hostile bid for the New York Stock Exchange.

    As of Monday, Nasdaq was in talks with bankers including Bank of America Corp. to line up financing for a bid that could include new debt of up to $5 billion, people familiar with the matter said.