Monday, November 20, 2006
LSE: Nasdaq says now holds 28.75%
Following the announcement of final cash offers* (the 'Final Offers') for London Stock Exchange Group plc ('LSE') made earlier today (the 'Announcement'), Nightingale Acquisition Limited ('NAL'), a wholly owned subsidiary of The Nasdaq Stock Market, Inc. ('NASDAQ') announces that it has acquired 7,065,984 ordinary shares in LSE at a price of 1,243 pence per share. The total consideration paid for the stake represents GBP 87.8 million (c.USD 166.4 million). This acquisition takes NASDAQ's total holding in LSE to 61,291,389 ordinary shares or 28.75 per cent. of the issued ordinary share capital of LSE.
* The Final Offers will not be revised except that NAL reserves the right to revise the Final Offers: (i) upon the recommendation of the LSE Board; or (ii) if a firm intention to make a competing offer for LSE is announced, whether or not subject to any preconditions. Capitalised terms in this announcement have the same meaning as in the Announcement.
Source Stock Exchange Announcement(s)
Value GBP 87m (deal value)
Stake Value between 10% and 29% inclusive
* The Final Offers will not be revised except that NAL reserves the right to revise the Final Offers: (i) upon the recommendation of the LSE Board; or (ii) if a firm intention to make a competing offer for LSE is announced, whether or not subject to any preconditions. Capitalised terms in this announcement have the same meaning as in the Announcement.
Source Stock Exchange Announcement(s)
Value GBP 87m (deal value)
Stake Value between 10% and 29% inclusive
