NASDAQ OMX and IntercontinentalExchange (ICE) have made a new offer to acquire NYSE Euronext. NASDAQ and ICE have offered a $350 million reverse break fee and lined up $3.8 billion in committed bank financing.
NASDAQ has signed and received a fully committed financing from a syndicate of banks, including Bank of America and Nordea Bank, while ICE has received the financing from a syndicate of banks, including Wells Fargo and Bank of America. The NASDAQ-ICE proposal will involve $740 million in cost synergies that will be more than $400 million proposed by Deutsche Börse and NYSE Euronext, adds Financial Times.
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