Price Remains Sticking Point for Nasdaq (NDAQ), ICE (ICE) Bid for NYSE (NYX)
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Price: $60.35 +0.47%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 1.5%
Revenue Growth %: +21.4%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 1.5%
Revenue Growth %: +21.4%
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Nasdaq OMX Group Inc. (Nasdaq: NDAQ) and IntercontinentalExchange Inc. (NYSE: ICE) are continuing to discuss a possible joint bid for NYSE Euronext (NYSE: NYX), according to a report from the Wall Street Journal on Monday citing people familiar with the matter.
The reports stated that the companies continue to discuss the amount to bid for NYSE, which agreed in February to be acquired by Deutsche Boerse AG. ICE and Nasdaq both have said that a bid of more than $40 per share, or $10.5 billion for NYSE.
Analysts have suggested that the company's would need to pay a minimum of at least $43 per share, which would likely be a combination of cash and stock, to win the bid for NYSE.
Shares of NYSE are up 2 percent to $35.15 in premarket trade on Monday.
The reports stated that the companies continue to discuss the amount to bid for NYSE, which agreed in February to be acquired by Deutsche Boerse AG. ICE and Nasdaq both have said that a bid of more than $40 per share, or $10.5 billion for NYSE.
Analysts have suggested that the company's would need to pay a minimum of at least $43 per share, which would likely be a combination of cash and stock, to win the bid for NYSE.
Shares of NYSE are up 2 percent to $35.15 in premarket trade on Monday.
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