NASDAQ (NDAQ) to Make Decision About Bid for NYSE (NYX) by Next Week (CME) (ICE)

FOX Business Network's Charlie Gasparino reported Wednesday that NASDAQ OMX Group Inc. (NASDAQ: NDAQ) will make a decision some time next week about making a hostile takeover bid for the NYSE Euronext (NYSE: NYX).

Gasparino added that this will be a joint bi if it happens, likely with the Intercontinental Exchange Inc. (NYSE: ICE). The hostile bid could force Deutsche Boerse to increase its $9.5 billion bid for the NYSE.

"The NASDAQ is telling the FOX Business Network we will decide by sometime next week about this hostile bid for the New York Stock Exchange. Sources are telling us NASDAQ is willing to pay 11 billion dollars in this hostile bid and it would be a joint bid with the ICE."

Gasparino said that the CME Group Inc. (NASDAQ: CME) is back "snooping" around, talking to the Nasdaq about joining this bid as well.

"What sources are saying is the Deutchse Boerse may be forced to increase its 9.5 billion dollar price tag for the New York Stock Exchange. Arbitrage traders bidding up this deal. It looks like they will have to increase their bid if they want to stay in the game. If this NASDAQ fails in a hostile bid, it has very few options."

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