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.
Newsday Investigates: Financial fixes for NUMC; 9/11 Attacks killing LIers; Climate warning: LI could see more extreme weather; Rape charge for Ex-Hauppauge fire chief; Spike in farmstand thefts
Newsday Investigates: Financial fixes for NUMC; 9/11 Attacks killing LIers; Climate warning: LI could see more extreme weather; Rape charge for Ex-Hauppauge fire chief; Spike in farmstand thefts
