NEW YORK (
Nasdaq OMX Group
is looking into putting together a bid to acquire
, according to a
Wall Street Journal
Citing undisclosed people familiar with the matter, the
said Nasdaq executives are trying to determine if the company can muster a strong enough bid to wrest the parent of the New York Stock Exchange away from
, which agreed to merge with NYSE Euronext last week.
If Nasdaq determines a hostile offer isn't feasible, it could look to sell itself or buy another exchange, the article says. The exchange is also considering partnering up with
, the parent of the Chicago Mercantile Exchange, and
, as has been widely reported, the
Shares of Nasdaq OMX closed Tuesday at $28, down 3.8%, on volume of 4.8 million vs. the issue's three-month trailing daily average of 2.9 million.
added that IntercontinentalExchange appears to be more open to teaming up with Nasdaq to go after NYSE Euronext than CME Group, and noted that the NYSE Euronext-Deutsche Borse deal includes a hefty $337 million break-up fee.
Written by Michael Baron in New York.
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