NYSE Euronext Inc. said Tuesday its board will review a bid to merge with Nasdaq OMX Group Inc. and IntercontinentalExchange Inc.
Earlier Tuesday, Nasdaq and ICE said they are prepared to pay NYSE a reverse breakup fee of $350 million if the deal sours and that they have received $3.8 billion in financing commitments.
The current bid values NYSE at $42.67 a share, compared with $35.29 a share under Deutsche Boerse AG’s bid, according to Nasdaq and ICE.
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