NASDAQ, ICE Bid $11.3B For NYSE Euronext

NASDAQ OMXandIntercontinentalExchange(ICE) have tendered an around $11.3 billion cash and shares bid forNYSE Euronext,The Wall Street Journalreports. For each NYSE share, investors will be paid $14.24 in cash, plus 0.4069 shares of NASDAQ OMX stock and 0.1436 shares of ICE, addsFinextra.

As per the deal, ICE would take on NYSE Euronext’s futures businesses while NASDAQ will own the rest, including exchanges in New York, Paris, Brussels, Amsterdam and Lisbon, along with the U.S. options business. The offer may affect NYSE Euronext andDeutsche Boerse’s agreed $9.53 billion tie-up.

Click here for the story fromThe Wall Street Journal.