4 ms·
NASDAQ may make a hostile takeover bid for the NYSE/Euronext tomorrow
CNBC is reporting that NASDAQ may make a hostile takeover bid for NYSE/Euronext (http://www.google.com/finance?q=NYX) tomorrow. There is an existing agreement for NYSE/Euronext to merge with Deutsche Börse. If true, it may lead to a bidding war between NASDAQ vs Deutsche Börse to gobble up NYSE/Euronext. If NASDAQ buys NYSE, that would mean a single company owns all three major markets in the US.
[edit: http://www.cnbc.com/id/42075635]
- Lorin 16y agoAs someone who doesn't have his thumb on the pulse of financial news, what repercussions would this have on the every day shareholder?
- trickjarrett 16y agoClickable link: http://www.cnbc.com/id/42075635 http://www.cnbc.com/id/42075635