Citing unnamed sources, various media groups in the US claimed that the Nasdaq OMX group is set to launch a rival bid of $12 billion (£7.5 billion) for NYSE Euronext later this week.
NASDAQ – the US technology firms trading exchange, is understood to be negotiating debts worth £5 billion to fund the acquisition.
German exchange, Deutsche Boerse and NYSE’s board has already approved a $10.2 billion merger deal in February and the current offer will compete with the same.
Although the involved parties refused to comment on the offer, all leading financial dailies claimed to have verified the development.
It is understood that Bank of America has arranged for the debt component from four banks. NASDAQ will be selling its own assets worth $5 billion to fund the transaction as well.
If NASDAQ eventually succeeds to swing the deal in its favour, it has to pay an additional $250 million break-up fee already agreed between Deutsche Boerse and NYSE.
If the deal with NASDAQ succeeds, the ownership of NYSE will remain within the US, which otherwise will report to the group headquarters in Frankfurt.
The speculation over NASDAQ’s offer has heightened investor interest in NYSE and the stock gained 3.5% o Monday.