Nasdaq OMX and the IntercontinentalExchange (ICE) are planning to make a direct offer to NYSE Euronext shareholders, Financial Times reports. The boards of the two bourses have voted to approve a direct approach to its shareholders with their $11 billion existing offer.

NYSE, which had previously agreed to merge with Frankfurt-based Deutsche Börse to form a cross-asset global exchange, had twice turned down the Nasdaq-ICE offer. In April, Nasdaq and ICE had approached NYSE Euronext’s board to discuss an offer of cash and shares to buy the company and split its equities and futures exchanges.

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