Merging neutron star (NS) binaries may be detected by ground-based gravitational wave (GW) interferometers (e.g. LIGO/VIRGO) within this decade and may also generate electromagnetic radiation detectable by wide-field, fast imaging telescopes that are coming online. The GWs can provide new constraint on the NS equation of state (including mass-radius relation and the related nuclear symmetry energy). This paper reviews various hydrodynamical and electrodynamical processes in coalescing NS binaries, with focus on the pre-merger phase.
