Global Capital Markets

NYSE Euronext is working to dismiss talk that it wants to buy the London Stock Exchange, reported the Wall Street Journal. The report, citing executive comments including comments NYSE CEO John Thain made last week, reported Thain told analysts NYSE does not need a bigger presence in Europe. According to the report, Thain said both Euronext and NYSE had held talks with London Stock Exchange before deciding to merge. The report noted that with NYSE Euronext not interested in the London Stock Exchange, it makes it harder for London Stock Exchange to avoid overtures from Nasdaq Stock Market. The report, which also cited people familiar with the matter, reported Nasdaq's move to buy OMX was in part to make it easier to buy London Stock Exchange because with OMX Nasdaq and London Stock Exchange will have European synergies and OMX could act as a intermediary between the two companies. London Stock Exchange has a market capitalization of USD 482m.
Source
Wall Street Journal