Nasdaq Makes a Hostile Bid For the New York Stock Exchange

Nasdaq is making a hostile bid for the NYSE Euronext (NYX.N) to keep the NYSE in America. The Wall Street Journal reported on Monday that the offer is coming.

Under the new deal which counters Deutsche Boerse AG’s (DB1Gn.DE) of over $9 billion offer, Nasdaq finances the transaction with nearly $5 billion in debt and sells the NYSE’s Liffe derivatives to the IntercontinentalExchange Inc (ICE.N).

DealReporter reported that the Nasdaq is in talks with lenders about funding the hostile bid. The Nasdaq would finance the bid with roughly $5 billion in debt from banks such as Bank of America Corp (BAC.N) along with $5 billion in asset sales.

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