Nasdaq/ICE make fresh move for NYSE Euronext

Nasdaq OMX and IntercontinentalExchange have made a fresh approach to buy NYSE Euronext, offering a $350m reverse break fee. NYSE Euronext rebuffed an initial bid in favour of a merger with Deutsche Börse. Frederic Ponzo, managing partner of capital markets consultancy GreySpark, analyses this latest move in the exchanges consolidation saga.