NASDAQ hostile bid for NYSE?

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

  1. <object id="wsj_fp" width="512" height="363"><param name="movie" value=""></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID={4646D4DA-446C-4948-BDBE-827764E7A77C}&playerid=1000&plyMediaEnabled=1&configURL=" base=""name="flashPlayer"></param><embed src="" bgcolor="#FFFFFF"flashVars="videoGUID={4646D4DA-446C-4948-BDBE-827764E7A77C}&playerid=1000&plyMediaEnabled=1&configURL=" base="" name="flashPlayer" width="512" height="363" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage=""></embed></object>

    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.