These uncertainties mean that, although Nasdaq and ICE have lined up banks for financing their bid, they have not signed the commitment letters yet to avoid incurring fees.

A Nasdaq spokesman said that did not mean they were not confident the offer would succeed.

“It’s an unsolicited bid. We have to see what their reaction is,” spokesman Frank De Maria said. “It doesn’t show weakness in our thinking we can pull this off.”

—  Yeah I said that, what of it. …..