Monday, October 16, 2006
LSE: Nasdaq could move HQ to UK and list in London if takeover succeeds – report
LSE: Nasdaq could move HQ to UK and list in London if takeover succeeds – report
Story US exchange Nasdaq could move its base to the UK if an attempted takeover of the London Stock Exchange is successful, the Sunday Telegraph said. According to sources familiar with Nasdaq’s workings, the company is considering listing in London, as well as New York, to silence British critics sceptical of the deal, the report said.
The headquarters move could take place if America’s corporate regulations become unattractive, the item reported. It went on to quote an observer who said Nasdaq is hoping to reassure those who believe the LSE’s independence will be compromised if it is taken over by a US group.
Nasdaq did not wish to make any comment, the report said.
Source Sunday Telegraph
Story US exchange Nasdaq could move its base to the UK if an attempted takeover of the London Stock Exchange is successful, the Sunday Telegraph said. According to sources familiar with Nasdaq’s workings, the company is considering listing in London, as well as New York, to silence British critics sceptical of the deal, the report said.
The headquarters move could take place if America’s corporate regulations become unattractive, the item reported. It went on to quote an observer who said Nasdaq is hoping to reassure those who believe the LSE’s independence will be compromised if it is taken over by a US group.
Nasdaq did not wish to make any comment, the report said.
Source Sunday Telegraph
