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Nasdaq, ICE Plan NYSE Euronext Bid

Nasdaq OMX and the Intercontinental Exchange (ICE) are seeking to partner on a takeover bid for the NYSE Euronext.

Nasdaq OMX and the Intercontinental Exchange (ICE) are seeking to partner on a takeover bid for the NYSE Euronext, New York Times reports. As per the discussions, Nasdaq is likely to take over NYSE Euronext’s cash equities business, while ICE would claim NYSE Euronext’s expansive derivatives business.

Nasdaqappointedinvestment bankers soon after the NYSE-Deutsche Börse talks emerged. Separately, the CME Group, which owns the Chicago Mercantile Exchange and the Chicago Board of Trade, has also hired bankers and is reviewing its options.

Click here for the story from New York Times.

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