Gasparino: Nasdaq and ICE to Decide on Joint Bid for NYSE "Sometime Next Week"

FOX Business Network's Senior Correspondent, Charlie Gasparino, is reporting this afternoon that NASDAQ NDAQ “will decide by sometime next week about this hostile bid for the New York Stock Exchange NYX”. Gasparino said that this would be “a joint bid” with the Intercontinental Exchange ICE and the hostile bid could force Deutchse Boerse “to increase its 9.5 billion dollar price tag.” Mr. Gasparino said, “Sources are telling us NASDAQ is willing to pay 11 billion dollars in this hostile bid and it would be a joint bid with the ICE. The CME is back in there snooping talking to the NASDAQ about joining this bid too. What's more interesting is what you hear from trading pits. What sources are saying is the Deutchse Boerse may be forced to increase its 9.5 billion dollar price tag for the New York Stock Exchange. Arbitrage traders bidding up this deal. It looks like they will have to increase their bid if they want to stay in the game. If this NASDAQ fails in a hostile bid, it has very few options.”