Nasdaq and ICE sweeten NYSE bid

The new offer includes a reverse breakup fee and addresses previous concerns that the joint bid did not have strong enough financing.

Nasdaq OMX Group and IntercontinentalExchange added a $350m reverse break-up fee to their $11.18bn offer for NYSE Euronext, offering to take on some of the perceived regulatory risk of the transaction.

NYSE shares rose 1.9% to $39.04 in recent premarket trading.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink