4 Apr 2011

Bid by Nasdaq and ICE for NYSE Euronext

7:01 am on 4 April 2011

The Nasdaq and ICE exchanges in the United States have mounted a bid worth $US11.3 billion for NYSE Euronext, topping a previous offer from Deutsche Boerse.

Deutsche Boerse had offered $US10.2 billion.

But the move could raise competition questions as it would bring together the two largest stock exchanges in the US.

The Deutsche Boerse bid itself is also likely to raise regulation issues, as a deal would create a massive presence in certain European financial products.