Nasdaq OMX Group Inc
Under the proposed deal to counter Deutsche Boerse AG's
Earlier on Monday, deal publication DealReporter reported Nasdaq is in advanced talks with lenders about funding a hostile bid. The exchange operator would finance the bid with about $5 billion in debt from banks led by Bank of America Corp
Shares of NYSE Euronext rose 4.5 percent to $36.55.
A source familiar with the situation told Reuters last month that Nasdaq was exploring options that include teaming up with a partner on a rival bid for NYSE Euronext.
Pressure is mounting on global bourses to seek partnerships to counter the threat from bigger rivals and alternative trading platforms, and to cut costs.
In a span of few weeks, Deutsche Boerse agreed to buy NYSE, the London Stock Exchange Group Plc
(Reporting by Paritosh Bansal, writing by Soyoung Kim; Editing by Bernard Orr)