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Nasdaq, ICE weigh a price for NYSE

Posted on 29 March 2011

Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. have continued talks in recent days about a possible joint bid for NYSE Euronext, but the two companies still are working to overcome hurdles, according to people familiar with the matter.

One of the biggest sticking points is how much to bid for NYSE Euronext, which announced in February an agreement to be acquired by Frankfurt’s Deutsche Börse AG. Both ICE and Nasdaq have tentatively agreed that they would need to pay more than $40 a share, or roughly $10.5 billion, for NYSE Euronext, and that the value of the businesses Nasdaq wants represent slightly more than half the value of the company, these people said…………………………………….Full Article: Source

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