WHEN: TODAY, WEDNESDAY, APRIL 20TH
WHERE: CNBC'S "THE CALL"
Following is the unofficial transcript of breaking news from CNBC's Kayla Tausche. All references must be sourced to CNBC.
TAUSCHE: NASDAQ HAS MORE MONEY TO BACK ITS NYSE BID THAN THE 3.8 BILLION DOLLARS THAT IT REVEALED YESTERDAY IN ITS PROPOSAL IT ACTUALLY HAS 5.1 BILLION AT ITS DISPOSAL FOR THIS BID. IT SECURED A TOTAL OF 5.1 BILLION FROM THE LENDERS THAT PREVIOUSLY HAD SUPPORTED ITS OMX DEAL THAT TOTAL INCLUDES THE ASSUMPTION OF THE NYSE BONDS THAT COULD BE TRIGGERED IF THE NEW COMPANY IS DOWNGRADED TO JUNK STATUS BELOW TRIPLE B AND FOLLOWING ANY DEAL THAT'S SOMETHING THAT COULD HAPPEN THE REASON FOR THE EXTRA CUSHION IS THAT AND NASDAQ IS JUST MAKING SURE THEY HAVE ENOUGH MONEY TO COVER THERE I AM TOLD THAT ICE'S OWN WALLET TO BUY NYSE'S CLEARING HOUSE TOTALS JUST ABOUT 1.6 BILLION DOLLARS THAT'S FROM BOFA AND WELLS I HAVE MORE OF THIS ON NETNET.CNBC.COM SO CHECK IT OUT.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD+, CNBC is the recognized world leader in business news providing real-time data, analysis and information to more than 390 million homes worldwide. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m.- 8:00 p.m.) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC.com and CNBC Mobile Web (mobile.cnbc.com) offer real-time stock quotes, charts, analysis and both on-demand and live streaming video.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/