Sunday, September 10, 2006
NASDAQ & LSE
Nasdaq could try to buy the rest of London Stock Exchange in October - report
Story Nasdaq Stock Market, the listed New York stock exchange, could move to try and buy the rest of the London Stock Exchange, reported the Wall Street Journal. The unsourced report in the Wall Street Journal reported that Nasdaq, which owns 25% of London Stock Exchange, could attempt to buy the rest of the company in October. The report, which cited a personal familiar with the matter, noted that the Nasdaq doesn't expect to make a hostile bid for the rest of the London Stock Exchange although the London Stock Exchange is gearing up to fight off a hostile bid from Nasdaq. According to the report Nasdaq is opting to wait and see if the company is pressured by shareholders to engage in discussions with Nasdq. Nasdaq had previously offered USD 4.5bn for the London Stock Exchange.
Source Wall Street Journal
Value USD 4,500m (previous offer)
Story Nasdaq Stock Market, the listed New York stock exchange, could move to try and buy the rest of the London Stock Exchange, reported the Wall Street Journal. The unsourced report in the Wall Street Journal reported that Nasdaq, which owns 25% of London Stock Exchange, could attempt to buy the rest of the company in October. The report, which cited a personal familiar with the matter, noted that the Nasdaq doesn't expect to make a hostile bid for the rest of the London Stock Exchange although the London Stock Exchange is gearing up to fight off a hostile bid from Nasdaq. According to the report Nasdaq is opting to wait and see if the company is pressured by shareholders to engage in discussions with Nasdq. Nasdaq had previously offered USD 4.5bn for the London Stock Exchange.
Source Wall Street Journal
Value USD 4,500m (previous offer)
