Nasdaq and ICE vow to pay NYSE a fee if regulators reject bid:

04/19/2011 | Reuters · Wall Street Journal, The

Nasdaq OMX Group and IntercontinentalExchange told NYSE Euronext that if their counterbid is rejected by regulators, they will pay the Big Board parent a $350 million fee. The move is intended to get NYSE to discuss a deal. Nasdaq and ICE expect antitrust regulators in the US to begin reviewing their offer. They also said they have secured financing for their $11.1 billion counterbid.

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Reuters · Wall Street Journal, The

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