Nasdaq open to selling Amex in NYSE bid: source (Reuters)

Friday, April 15, 2011 6:01 PM By dwi

NEW YORK (Reuters) – Nasdaq OMX Group Inc (NDAQ.O) told investors it could delude NYSE Euronext's (NYX.N) dweller Stock Exchange and substance a break-up fee to overcome just concerns in its $11.3 1000000000 effort for the Big Board parent, a maker familiar with the situation said on Friday.

Nasdaq, along with IntercontinentalExchange Inc (ICE.N), has prefabricated a rival substance for NYSE Euronext, which already has a $10.2 1000000000 care to merge with Deutsche Boerse (DB1Gn.DE).

NYSE Euronext has rejected the Nasdaq/ICE substance as too venturous and unattractive, and on weekday Nasdaq Chief Executive Robert Greifeld met inclose money managers to attain his case.

A Nasdaq spokesman was not directly available for interpret New on Friday. The maker asked not to be titled because these discussions are not public.

Greifeld and his counterparts at NYSE Euronext and Deutsche Boerse, Duncan Niederauer and Reto Francioni, hit all been gathering NYSE shareholders, who are expected to balloting on the Teutonic tie-up in July.

Although both deals grappling goodish just hurdles, whatever investors hit said Greifeld needs to attain a brawny housing he crapper overcome a regulatory review.

Combining Nasdaq and the NYSE would bring the crowning two U.S. have exchanges unitedly with a realistic monopoly on listings, and ascendency in trading U.S. cash equities and options.

NYSE Amex lists diminutive and micro-cap stocks, and is an important conception of the company's options business. It was bought by NYSE in 2008.

The idea to delude Amex came up as a doable resolution should divestitures be required due to just concerns, the maker said.

But a maker near to NYSE said commerce Amex module not cipher the just issue in a care with Nasdaq.

Amex is fully integrated with NYSE and no individual a removed organisation venue, the maker near to the Big Board said, adding that Amex "was not an trenchant competitor in the listings business" modify when it was bought by NYSE.

Greifeld told investors he hoped to get whatever guidance from just regulators in the incoming sextet or heptad weeks, according to the Wall Street Journal, which first reportable the news.

To ease just concerns, Nasdaq could also revilement period organisation fees for the largest companies by $50,000 to $450,000 and concord to cap fees on others for a while, the paper reported.

(Reporting by Paritosh Bansal and Jonathan Spicer; Editing by Tim Dobbyn and Richard Chang)


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