The owner of the Nasdaq Stock Market is reportedly close to making a hostile bid for its rival, the New York Stock Exchange, potentially thwarting a German takeover of the company.
The Wall Street Journal reported that Nasdaq has been talking to bankers about financing such a bid.
Last month, plans were proposed to merge the German Deutsche Boerse and the NYSE, with the German side controlling 60 percent of the new company.
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$3B power line fight ... What's in store with weather ... 2 years after devastating storm ... Driver's license frustration ... Get the latest news and more great videos at NewsdayTV
