Tuesday, February 13, 2007

New York Stock Exchange could pursue London Stock Exchange - report

New York Stock Exchange, the New York listed trading exchange operator, could be a suitor for the London Stock Exchange, reported the New York Times. The unsourced report, part of a story looking at Nasdaq'a failed USD 3.7bn bid for LSE, reported that while Nasdaq's stake in LSE would make it difficult for other suitors to mount a bid for LSE, New York Stock Exchange is seen as a suitor. According to the report, New York Stock Exchange Chief Executive John Thain said last month the LSE is the second biggest brand in the stock market industry behind New York Stock Exchange. The report noted Thain said then he wasn't keen on mergers until it integrates Euronext, which could take a year.
Source
New York Times



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