Nasdaq May Sell Amex For NYSE Deal Nod

Nasdaq OMX Group has said it may sell NYSE Euronext’s American Stock Exchange division to secure antitrust approval.

Nasdaq OMX Group has said it may sell NYSE Euronext’s American Stock Exchange division to secure antitrust approval, The Wall Street Journal reports. New York-based Nasdaq and the IntercontinentalExchange (ICE) had partnered to make a joint bid for NYSE Euronext. As per the offer, NYSE’s stock businesses will move into Nasdaq and its derivatives businesses will go to ICE. NYSE Euronext has already turned down the Nasdaq/ICE offer as too risky and unattractive.

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