WHEN: TODAY, WEDNESDAY, MARCH 23RD
WHERE: CNBC'S "CLOSING BELL"
Following is the unofficial of breaking news from CNBC"s Scott Wapner. All references must be sourced to CNBC.
WAPNER: CERTAINLY THERE HAS BEEN A LOT OF SPECULATION AS TO WHETHER THE NASDAQ IS GOING TO TRY AND MAKE SOME SORT OF COMPETITIVE BID FOR THE NYSE PERHAPS WITH THE INTERCONTINENTAL EXCHANGE AND ONE ISSUE THAT HAS BEEN OUT THERE IS THAT BREAK UP FEE $350 MILLION DOLLARS WE UNDERSTAND FROM A SOURCE THAT THE NASDAQ CONSIDERS IT TO BE EXCESSIVE AND IS ALSO LOOKING AT THE LEGALITY OF IT NOW THAT'S A REAL INTERESTING TURN IN WHETHER OR NOT A DEAL OR SOME KIND OF BID ACTUALLY TAKES PLACE WE ALSO UNDERSTAND FROM A SOURCE THAT TALKS ARE ONGOING NO DECISIONS BEEN MADE YET CEO BOB GREIFELD OF THE NASDAQ JEFFREY SPRECHER OF THE ICE. LAST SPOKE ON MONDAY THEY CONTINUE TO HAVE THOSE DISCUSSIONS BUT AGAIN NO FINAL DECISION WE UNDERSTAND HAS BEEN MADE AT THIS POINT AND HERE'S A REAL INTERESTING THING THIS IS SOMETHING TO CHEW ON BOB GREIFELD IS GOING TO BE DOWN AT A CONFERENCE TOMORROW ALSO IN ATTENDENCE DOWN THERE IS GOING TO BE CHRISTINE VARNEY SHE'S FROM THE DEPARTMENT OF JUSTICE'S ANTI-TRUST DIVISION NOW WE ARE TOLD IT IS JUST A COINCIDENCE THAT THE TWO OF THEM ARE GOING TO BE THERE BUT YOU CAN BET THAT IF THEY DO HAVE ANY DISCUSSIONS IT CERTAIN'LY GOING TO GET A LOT OF DISCUSSION.
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