NYSE Euronext Inc. has entered the competition for the Borsa Italiana by submitting a preliminary bid to rival the London Stock Exchange Group’s offer, Reuters reports.
NYSE Euronext’s offer is around 1.5 billion euros, or about $2 billion, as is the LSE’s, the Wall Street Journal said, quoting people familiar with the matter.
The NYSE Euronext offer is at a preliminary stage and could be restructured, according to the report. NYSE Euronext is the parent of the New York Stock Exchange. It could not immediately be reached for comment.
The LSE said on Wednesday it has begun discussions with the Milan bourse and a source told Reuters the talks were at an advanced stage.