Sunday, September 10, 2006
LSE Nasdaq & OMX
08/09/2006
LSE: Nasdaq does not feel need to take action on LSE now, believes OMX rumour unfounded mergermarket
Story
Nasdaq does not feel the need to take any action vis-a-vis the London Stock Exchange when the deadline beyond which it can make a fresh bid falls on 2 October, it is understood. The US exchange feels pleased with its strategic investment in LSE and believes recent media reports talking of a possible bid were more related to the approach of the deadline, and to explaining Nasdaq's options than to any expectation of an offer, it was said. The US exchange has not had any meetings with LSE management since the usual round of visits made to shareholders following the UK exchange’s results three months ago, it is understood. Nasdaq believes a rumour that LSE is looking at buying Sweden’s OMX to be unfounded. LSE declined to comment. The US exchange feels LSE might need Nasdaq’s support for such a deal as a 25% shareholder in the UK exchange, it is understood. Earlier today a report by Citigroup speculated that Nasdaq could wait until May 2007 to make an offer for the exchange.
by Cathy Cooper
Source
mergermarket
Value
GBP 2,700m (market cap)
LSE: Nasdaq does not feel need to take action on LSE now, believes OMX rumour unfounded mergermarket
Story
Nasdaq does not feel the need to take any action vis-a-vis the London Stock Exchange when the deadline beyond which it can make a fresh bid falls on 2 October, it is understood. The US exchange feels pleased with its strategic investment in LSE and believes recent media reports talking of a possible bid were more related to the approach of the deadline, and to explaining Nasdaq's options than to any expectation of an offer, it was said. The US exchange has not had any meetings with LSE management since the usual round of visits made to shareholders following the UK exchange’s results three months ago, it is understood. Nasdaq believes a rumour that LSE is looking at buying Sweden’s OMX to be unfounded. LSE declined to comment. The US exchange feels LSE might need Nasdaq’s support for such a deal as a 25% shareholder in the UK exchange, it is understood. Earlier today a report by Citigroup speculated that Nasdaq could wait until May 2007 to make an offer for the exchange.
by Cathy Cooper
Source
mergermarket
Value
GBP 2,700m (market cap)
