7:51am

Fri April 1, 2011
Business

Nasdaq Makes Hostile Bid For Rival NYSE

Nasdaq is teaming up with a securities market based in Atlanta called the Intercontinental Exchange, and has offered $11.3 billion for the New York Stock Exchange. Recently, the NYSE agreed to merge with Germany's main stock exchange. But the Nasdaq's offer is substantially higher in an effort to derail the German bid.

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