Fox Business Reports The New York Stock Exchange Is Trying To "Run Out The Clock" On The Nasdaq Bid

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports “inside the Nasdaq, there is a fear the vote is being rushed” and that New York Stock Exchange (NYSE) CEO Duncan Niederauer is trying to “run out the clock” on Nasdaq by pushing for a shareholder vote on the deal with Deutsche Börse (DB). Gasparino reports that people inside Nasdaq are concerned they will not “get its approval from the Justice Department's antitrust division before July.” Excerpts from the report are below, courtesy of Fox Business Network.

On why the NYSE is rushing the shareholder vote:

“FOX Business Network has learned inside the Nasdaq, there is a fear the vote is being rushed. They are voting July 1. The New York Stock Exchange and CEO Duncan Niederauer are doing that to run out the clock. They are worried that Nasdaq cannot get its approval from the Justice Department's antitrust division before July.”