CRISISBOOM

You are witnessing the global markets becoming consolidated into an eventual one mega world market.  If you are wise as I am sure many of you are, get out of stocks and purchase gold and silver bullion.  It will save you in the longrun short-run.

www.cnbc.com

Nasdaq is moving closer to a hostile bid for NYSE Euronext, which could come as early as Tuesday, sources close to the matter told CNBC.

AP NASDAQ MarketSite Tower, Times Square, New York, NY

Nasdaq [NDAQ  26.37  -0.82  (-3.02%)   ] has nearly secured financing for the hostile bid [NYX  36.55  1.28  (+3.63%)   ], in an arrangement that could involve IntercontinentalExchange, also known as ICE [ICE  124.79  -1.28  (-1.02%)   ], which operates  a global futures exchange and over-the-counter (OTC) markets and derivatives clearing houses.

Questions remain on how financing would be structured, as well as what role ICE would play in the bid, as sources say that ICE will not use its stock in any deal. Instead, it appears ICE could commit to purchasing certain NYSE assets upon the closing of any deal.

Any Nasdaq bid would face significant obstacles, including the likelihood of strong antitrust scrutiny, as nearly every U.S.-listed stock sits on either the NYSE or Nasdaq exchanges.

Last month, Deutsche Boerse and NYSE Euronext  announced they would merge to create the world’s largest exchange operator in a Read more…