FT about Nasdaq
LEX COLUMN: LSE/Nasdaq
...the London Stock Exchange's riposte to Nasdaq is remarkably restrained. Its main point...management do not want to be bought by Nasdaq. Still, within the conventional, shareholder-friendly...left. A white knight looks unlikely given Nasdaq has a 29 per cent stake and almost a year...
Dec 20 2006, Financial Times
FRONT PAGE - COMPANIES AND MARKETS: LSE plan to repel Nasdaq bid
...12.43 per share offer from US-based Nasdaq, underscoring its opposition to the bid...closed 7p lower at 1310p in light trading.Nasdaq, in turn, responded by dismissing the...specifically aimed at taking market share from Nasdaq. The announcement helped to send Nasdaq...
Dec 20 2006, By Norma Cohen in London, Anuj Gangahar in New York and Ian,Bickerton in Amsterdam, Financial Times
LSE/Nasdaq
...the London Stock Exchange's riposte to Nasdaq is remarkably restrained. Its main point...management do not want to be bought by Nasdaq. Still, within the conventional, shareholder-friendly...left. A white knight looks unlikely given Nasdaq has a 29 per cent stake and almost a year...
Dec 19 2006, FT.com site
LSE rejects Nasdaq approach
...to see off a hostile £2.7bn bid from Nasdaq.Issuing a defence document, the LSE said...VIDEO Norma Cohen on LSE's rejection of Nasdaq's bidIn the document, the LSE forecasts...global context." In recent weeks, however, Nasdaq's own advisers have pointed to the dominance...
Dec 19 2006, By Norma Cohen, FT.com site
Nasdaq sets clock ticking on LSE offer
Nasdaq on Tuesday formally launched its £2.7bn bid for the London...trading. By mailing the formal proposal to shareholders, Nasdaq has set the takeover clock ticking, with the LSE expected to produce a defence document by December 26. If Nasdaq has not succeeded in acquiring the LSE by February 10...
Dec 12 2006, By Sarah Spikes and Norma Cohen, FT.com site
Nasdaq's final offer turns up heat on LSE
Nasdaq on Tuesday turned the heat up on the London Stock Exchange...lowered the threshold for its acquisition offer to go through.Nasdaq's interest in the LSE has been clear for months; earlier...the UK Takeover Code.Boxing itself into its own corner, Nasdaq has upped the ante by describing its offer as "final...
Dec 12 2006, FT.com site
LSE/Nasdaq
...Exchange. After Tuesday's publication of Nasdaq's offer document, the London Stock Exchange...little over £12.43 since November 20, when Nasdaq's offer was announced. This suggests some think Nasdaq could tweak its price, but not that there...
Dec 12 2006, FT.com site
COMPANIES UK: Nasdaq goes back on the offensive
That Nasdaq's offer document, published yesterday, contains none...fact, it is just the latest manoeuvre this year in Nasdaq's assault on Europe's largest cash equities exchange.Nasdaq first approached the LSE in February but was rebuffed...
Dec 13 2006, By Norma Cohen, Financial Times
LEX COLUMN: LSE/Nasdaq
...Exchange. After yesterday's publication of Nasdaq's offer document, the London Stock Exchange...little over £12.43 since November 20, when Nasdaq's offer was announced. This suggests some think Nasdaq could tweak its price, but not that there...
Dec 13 2006, Financial Times
Hedge funds hold power to decide Nasdaq bid
Nasdaq's move to lower the acceptance level for its £2.7bn hostile...through derivatives such as contracts for difference. If Nasdaq could win them over, the combination of their stakes and...to secure the deal."To make any kind of credible threat, Nasdaq has to scare the share price down to something closer to...
Dec 12 2006, By James Mackintosh, FT.com site
FRONT PAGE - COMPANIES AND MARKETS: Nasdaq sets clock ticking on LSE offer
Nasdaq yesterday formally launched its £2.7bn bid for the London...13.20. By mailing the formal proposal to shareholders, Nasdaq has set the takeover clock ticking, with the LSE expected to produce a defence document by December 26. If Nasdaq has not succeeded in acquiring the LSE by February 10...
Dec 13 2006, By Norma Cohen, Financial Times
COMPANIES UK: The FSA may be no easy pushover for Nasdaq
...BAA. They could now be raised again with Nasdaq's tilt at the London Stock Exchange.To...Yet there are grounds for questioning a Nasdaq business model that entails exceptionally...Services Authority feels about this because Nasdaq would have to meet its recognition requirements...
Dec 11 2006, By John Plender, Financial Times
COMPANIES UK: Hedge funds hold the power to decide fate of Nasdaq bid
Nasdaq's move to lower the acceptance level for its £2.7bn hostile...through derivatives such as contracts for difference. If Nasdaq could win them over, the combination of their stakes and...to secure the deal."To make any kind of credible threat, Nasdaq has to scare the share price down to some-thing closer...
Dec 13 2006, By James Mackintosh, Financial Times
LSE rejects Nasdaq approach
...that the £2.7bn ($5.3bn) hostile bid by Nasdaq, at £12.43 a share, did not even give...global context".In recent weeks, however, Nasdaq's advisers have pointed to the dominance...quick and profitable exit.Bob Greifeld, Nasdaq chief executive, said yesterday: "The...
Dec 19 2006, By Norma Cohen, FT.com site
COMPANIES - NASDAQ BID FOR LSE: Nasdaq's hunter sees an end to the chase
Bob Greifeld, Nasdaq's chief executive, has the look of a hunter...Exchange, which values it at just over £2bn."Nasdaq never had the historic monopoly of the...no bones about the opportunity given to Nasdaq by the news last week that a group of...
Nov 21 2006, By Norma Cohen, Financial Times
COMPANIES - NASDAQ BID FOR LSE: Blurring of lines as stock trading landscape alters
...landscape, long dominated by the NYSE and Nasdaq, is evolving fast as banks and brokers...firms fearing a strengthening duopoly of Nasdaq and the NYSE taking power away from investment...fierce competition between the NYSE and Nasdaq means neither can raise fees too much...
Nov 21 2006, By Anuj Gangahar in New York, Financial Times
COMPANIES - NASDAQ BID FOR LSE: NYSE APPROACHES ENDGAME IN ITS ATTEMPT TO PURCHASE EURONEXT
While the Nasdaq and LSE continue their game of cat and...pan-European exchange, writes Anuj Gangahar.When Nasdaq first began its stake building in the...exchange. But analysts said the larger Nasdaq's stake became - sitting just under30...
Nov 21 2006, By Anuj Gangahar, Financial Times
Nasdaq: $5.1bn LSE offer is a 'stretch'
Nasdaq on Monday unveiled terms of up to $5.1bn in new finance...with the US Securities and Exchange Commission on Monday, Nasdaq disclosed that for part of that borrowing, a $1.75bn bridge...shares that carry the same punitive interest rates.When Nasdaq announced its bid for the LSE last week, Standard & Poors...
Nov 27 2006, By Norma Cohen in London and Anuj Gangahar in New York, FT.com site
LOMBARD: Nasdaq, BSkyB and the risks of stake-building
...coincidence, but the occurrence within days of Nasdaq's offer for the London Stock Exchange...irritating investors in the buyer and, as the Nasdaq and BSkyB cases demonstrate, even unsettling...direct unwelcome attention on to the buyer.Nasdaq's first approach to the LSE invited scrutiny...
Nov 21 2006, By Andrew Hill, Financial Times
Nasdaq would need 'rosy view' to lift LSE bid
Nasdaq would have to take a very rosy view of the London Stock...exchange might recommend, analysts said on Tuesday.Moreover, Nasdaq has only limited financial headroom to increase its offer...stock to its existing shareholders.The LSE has said that Nasdaq's £12.43-a-share offer "substantially undervalues" the...
Nov 21 2006, By Chris Hughes, FT.com site
COMPANIES: NASDAQ BID FOR LSE: City struggles at LSE change
...struggled with the implicationsof what a Nasdaq takeover of the London Stock Exchangewould...instead slow growth.Some were concerned that Nasdaq might be under pressure to use a near...because the LSE's price was too high.While Nasdaq's statement did not specifically address...
Nov 21 2006, By Sarah Spikesand John Willman, Financial Times
COMMENT: Nasdaq's marathon man
...about Mr Greifeld. The chief executive of Nasdaq, which this week made a £2.7bn hostile...real manager," says Glenn Hutchins, a Nasdaq director whose private equity firm Silver...Not that the offer came as any surprise. Nasdaq made a lower offer in March - one of five...
Nov 25 2006, By David Wighton, Financial Times
COMPANIES - NASDAQ BID FOR LSE: REACTION TO THE PROPOSAL
"If they (Nasdaq) are serious about not interfering in...investment bank"I'm concerned that if Nasdaq were to attempt to dismantle the structure...many ways a traditional exchange, while Nasdaq is a high-tech market, and the fact that...
Nov 21 2006, By Sarah Spikes, Financial Times
Nasdaq/LSE
...time? It took only a few hours to reject Nasdaq's "final" 1243p a share offer. UK rules...recommended. The LSE seems to be betting that Nasdaq, which now owns 29 per cent of it, has...whatever it takes.Symptom one is that Nasdaq is buying into toppy earnings forecasts...
Nov 20 2006, FT.com site
COMPANIES UK: Nasdaq's 'high-handed tactic' to capture LSE
...London Stock Exchange as a "final" offer, Nasdaq has embarked on an unusually confrontational...late 1980's.In framing its bid as final, Nasdaq has ruled out making any move on its own...rules.The only circumstances under which Nasdaq can offer a higher price is if it is one...
Nov 22 2006, By Norma Cohen and James Mackintosh, Financial Times
LEX COLUMN: LSE/Nasdaq
...time? It took only a few hours to reject Nasdaq's "final" £12.43 a share offer. UK rules...recommended. The LSE seems to be betting that Nasdaq, which now owns 29 per cent of it, has...whatever it takes.Symptom one is that Nasdaq is buying into toppy earnings forecasts...
Nov 21 2006, Financial Times
FRONT PAGE - FIRST SECTION: LSE scorns 'final' Nasdaq bid
...final" offer to be acquired by US-based Nasdaq, saying the bid so undervalued the company...switched hands. The price is the minimum Nasdaq has to pay until next May under UK takeover...initial 25.3 per cent stake.Yesterday, Nasdaq increased that to 28.75 per cent, buying...
Nov 21 2006, By Norma Cohen in London, Financial Times
COMPANIES INTERNATIONAL: Tighter US rules help Nasdaq
...pondering the possible repercussions of a Nasdaq takeover of the London Stock Exchange...raise £15m ($29m) on Aim rather than Nasdaq, the company gave the now conventional...who believes tighter regulation has made Nasdaq a better market.He also thinks that small...
Nov 24 2006, By David Blackwell, Financial Times
LSE shuns 'final' £2.7bn Nasdaq bid
...final" offer to be acquired by US-based Nasdaq, saying the bid so undervalued the company...switched hands. The price is the minimum Nasdaq has to pay until next May under UK takeover...initial 25.3 per cent stake.On Monday, Nasdaq increased that to 28.75 per cent, buying...
Nov 20 2006, By Norma Cohen in London, FT.com site
COMPANIES UK: S&P cuts Nasdaq debt rating on LSE
...Rating Services has indicated it believes Nasdaq is having to stretch to finance its...Stock Exchange.S&P yesterday cut a key Nasdaq debt
US group turns its back on Nasdaq for Aim
...a green tinge to join Aim rather than Nasdaq will be Catalytic Solutions.Its arrival...have helped to build Aim's success.If Nasdaq succeeds in buying the London Stock Exchange...Hunt, said that it must be assumed that Nasdaq has looked at Aim's success in developing...
Nov 21 2006, By David Blackwell, FT.com site
FRONT PAGE - COMPANIES AND MARKETS: Nasdaq admits LSE finance 'a stretch'
Nasdaq admitted yesterday that the cost of raising up to $5.1bn (£2.6bn) needed for its proposed acquisition of the London Stock Exchange left it little scope to raise its offer."It's a stretch," a Nasdaq official said of the credit facility.Nasdaq has offered to buy the remaining 71 per cent stake of the LSE it does not own for £12.43 a share...
Nov 28 2006, By Norma Cohen in London and Anuj Gangahar in New York, Financial Times
COMPANIES UK: US group turns its back on Nasdaq and joins Aim
...a green tinge to join Aim rather than Nasdaq will be Catalytic Solutions.Its arrival...have helped to build Aim's success.If Nasdaq succeeds in buying the London Stock Exchange...Hunt, said that it must be assumed that Nasdaq has looked at Aim's success in developing...
Nov 22 2006, By David Blackwell, Financial Times
COMPANIES UK: Centaurus takes bet on LSE bid
...first hedge fund to make a big bet that Nasdaq's £2.7bn bid for the London Stock Exchange...lower than the £12.43-a-share bid by Nasdaq.Centaurus would earn £30,000 for every...LSE stake last week after meetings with Nasdaq executives in London at which the US exchange...
Dec 21 2006, By James Mackintosh, Hedge Fund Correspondent, Financial Times
Nasdaq leads Wall Street lower
...investors unwilling to stretch the market's recent strength.The Nasdaq Composite led the way lower as several technology companies...Jones Transportation Average index declined 0.8 per cent.The Nasdaq closed 6.52 points, or 0.3 per cent, lower at 2,445.86, but...
Dec 06 2006, By Michael Mackenzie in New York, FT.com site
FSA may be no pushover for Nasdaq
...BAA. They could now be raised again with Nasdaq's tilt at the London Stock Exchange. To...Yet there are grounds for questioning a Nasdaq business model that entails exceptionally...Services Authority feels about this because Nasdaq would have to meet its recognition requirements...
Dec 10 2006, By John Plender, FT.com site
FT MARKETS: Technology company downgrades hit Nasdaq
...investors unwilling to stretch the market's recent strength.The Nasdaq Composite led the way lower as several technology companies...Jones Transportation Average index declined 0.8 per cent.The Nasdaq closed 6.52 points, or 0.3 per cent, lower at 2,445.86, but...
Dec 07 2006, By Michael Mackenzie, Financial Times
The FSA may be no easy pushover for Nasdaq
...BAA. They could now be raised again with Nasdaq's tilt at the London Stock Exchange. To...Yet there are grounds for questioning a Nasdaq business model that entails exceptionally...Services Authority feels about this because Nasdaq would have to meet its recognition requirements...
Dec 10 2006, By John Plender, FT.com site
STOCK MARKETS AND CURRENCIES: Tech downgrades hurt Nasdaq
...investors unwilling to stretch the market's recent strength.The Nasdaq Composite led the way lower as several technology companies...Jones Transportation Average index was 0.8 per cent lower.The Nasdaq was 4.69 points, or 0.2 per cent, lower at 2,447.69, having...
Dec 07 2006, By Michael Mackenzie, Financial Times
COMPANIES INTERNATIONAL: SEC charges four over illegal listing on Nasdaq
...called China Energy winning a listing on Nasdaq last year. It traded for a full year before...manipulation scheme to fraudulently obtain the Nasdaq listing, artificially inflating China...products. The defendants then sought a Nasdaq listing. But lacking a required base of...
Dec 05 2006, By Jeremy Grant in Washington, Financial Times
FT PREVIEW: Nasdaq's man of action
...submitted a thesis on the operation of the Nasdaq stock market as part of his masters degree...landscape.In March 2004, he oversaw the launch of Nasdaq's market centre - a system capable of trading Nasdaq, New York Stock Exchange and American Stock...
Oct 16 2006, By Anuj Gangahar in New York,By Anuj Gangahar, Financial Times
Strong LSE trading volume augurs well for Nasdaq offer
...are released in early November.US-based Nasdaq, owner of a 25.3 per cent stake in the...shareholders and analysts that the size of Nasdaq's stake in the LSE is a poison pill to...try to hold out for a better price from Nasdaq than the 1243p it would currently be required...
Sep 28 2006, By Norma Cohen in London, FT.com site
MUDLARK: Language lessons
Britain and America are meant to be two nations separated by a common language, but Mudlark was at a loss to explain what Nasdaq chairman H Furlong "Baldy" Baldwin meant when he announced an extension of CEO Bob Greifeld's contract until December 31 2010...
Dec 19 2006, By Jonathan Moules, Financial Times
COMPANIES UK: Plus a four-letter word
...listed companies meant that by early summer this year "Plus" was a four-letter word for the LSE.This week - just one day after Nasdaq launched its £2.7bn hostile bid for the LSE - he unveiled greater ambitions. In essence he wants Plus to be a rival competing...
Dec 15 2006, By David Blackwell, Financial Times
Nasdaq's marathon man
...about Mr Greifeld. The chief executive of Nasdaq, which this week made a £2.7bn ($5.2bn...real manager," says Glenn Hutchins, a Nasdaq director whose private equity firm Silver...Not that the offer came as any surprise. Nasdaq made a lower offer in March – one of...
Nov 24 2006, By David Wighton, FT.com site
Nasdaq's 'high-handed tactic' to capture LSE
...London Stock Exchange as a "final" offer, Nasdaq has embarked on an unusually confrontational...late 1980's.In framing its bid as final, Nasdaq has ruled out making any move on its own...rules.The only circumstances under which Nasdaq can offer a higher price is if it is one...
Nov 21 2006, By Norma Cohen and James Mackintosh, FT.com site
Nasdaq needs to lift LSE bid
...left, right and centre. This morning, Nasdaq finally pounced on the LSE, offering...cent.As FT Alphaville said this morning, Nasdaq is clearly taking advantage of the doubts...of investment banks (and why not?). If Nasdaq really believed the banks' plan posed...
Nov 20 2006, FT.com site
Nasdaq chief senses LSE within grasp
Bob Greifeld, Nasdaq's chief executive, had the look of a hunter...values it at just over £2bn ($3.8bn)."Nasdaq never had the historic monopoly of the...no bones about the opportunity given to Nasdaq by news last week that a group of seven...
Nov 20 2006, By Norma Cohen, FT.com site
COMPANIES - NASDAQ BID FOR LSE: Regulatory safeguards to be fast-tracked
Powers to prevent a US-owned London Stock Exchange from imposing onerous Sarbanes-Oxley- style regulation on the City will
Nov 21 2006, By Jean Eaglesham,Chief Political Correspondent, Financial Times
COMPANIES - NASDAQ BID FOR LSE: Commissioner welcomes US takeover moves
US interest in acquiring European stock exchanges was hailed as "a welcome sign" by Charlie McCreevy, the European internal
Nov 21 2006, By Andrew Bolger,Scotland Correspondent, Financial Times
COMPANIES ASIA-PACIFIC: Infosys prices Nasdaq ADR offering
...part of a bid to win it inclusion in the Nasdaq-100 Index.The offering comes as Indian...chief executive of Infosys, said of the Nasdaq offer-ing, the company's third such follow-on...of shares the company has listed on the Nasdaq to meet the free float requirements of...
Nov 22 2006, By Joe Leahy in Mumbai, Financial Times
COMPANIES UK: Franklin buys on Nasdaq and raises NTL stake
...increased its holding earlier this week, buying 1.63m shares on Nasdaq, where the UK cable group is traded.The purchase follows last...been concerned about the move, which would possibly entail the Nasdaq-listed group making a cash bid of at least 120p a share.NTL...
Nov 15 2006, By Emiko Terazonoand Jenny Wiggins, Financial Times
COMPANIES UK: McCooey leads new Nasdaq unit
Robert McCooey, a well- known floor broker at the New York Stock Exchange, is taking up the role of senior vice-president leading Nasdaq's new unit, Capital Markets Group.He joins from The Griswold Company, a NYSE floor broker, where he was a founder and served...
Nov 15 2006, By Ruth Sullivan, Financial Times
Infosys prices $1.5bn Nasdaq ADR offer
...part of a bid to win it inclusion in the Nasdaq-100 Index.The offering comes as Indian...chief executive of Infosys, said of the Nasdaq offering, the company's third such follow-on...of shares the company has listed on the Nasdaq to meet the free float requirements of...
Nov 21 2006, By Joe Leahy in Mumbai, FT.com site
STOCK MARKETS AND CURRENCIES: Tech woes hold back Nasdaq
...per cent to $17.87 after a warning that future sales would decline in the region of 5-10 per cent.Those losses held backthe Nasdaq Composite index, which showed a gain ofjust 0.2 per cent, or4.92 points, to 2,447.67.After early losses, the Philadelphia semiconductor...
Nov 17 2006, By Michael Mackenzie, Financial Times
Nasdaq reports strong profits as revenues soar
The Nasdaq Stock Market, the second largest US equity...Street forecasts, despite losses related to Nasdaq's recent stake building in the London Stock Exchange. For the quarter ended June 30, Nasdaq earned $16.6m compared with $14m in the...
Jul 20 2006, By Anuj Gangahar in New York, FT.com site
COMPANIES INTERNATIONAL: Nasdaq looks at Europe growth via Sweden
...talks between Stockholm-based OMX and Nasdaq have added a fresh twist to the cocktail...European capital markets.After all, US-based Nasdaq, which has proclaimed its determination...stake in the London Stock Exchange. If Nasdaq is interested in expanding in Europe...
Sep 14 2006, By Norma Cohen in London and Anuj Gangahar in New York, Financial Times
COMPANIES UK: Nasdaq gives the LSE another squeeze
Nasdaq came on strong for the London Stock Exchange earlier this...the LSE's petite rival, OMX of Sweden.If Bob Greifeld, Nasdaq's chief executive, is trying to make his LSE counterpart...for the LSE to continue its hostility towards a deal with Nasdaq if the US technology exchange owned OMX. The logic of combining...
Sep 12 2006, By Chris Hughes, Financial Times
COMPANIES INTERNATIONAL: Nasdaq's low trade fees eat into NYSE's monopoly
Nasdaq, the electronic stock market, said that its share of trading...stocks that were both advertised for and bought or sold on Nasdaq's system - rose nearly two percentage points to 12.5 per...cent in July.Industry experts said that the steep rise of Nasdaq's market share in August, albeit in a month typically low...
Sep 07 2006, By Norma Cohen in London and Anuj Gangahar in New York, Financial Times
COMPANIES INTERNATIONAL: Nasdaq reports strong profits as revenues soar
The Nasdaq Stock Market, the second largest US equity...Street forecasts, despite losses related to Nasdaq's recent stake building in the London Stock Exchange.For the quarter ended June 30, Nasdaq earned $16.6m compared with $14m in the...
Jul 21 2006, By Anuj Gangahar in New York, Financial Times
FRONT PAGE - COMPANIES AND MARKETS: Nasdaq in early talks to acquire OMX
...in preliminary talks to be acquired by Nasdaq, the US-based electronic stock exchange...the talks are at a very early stage and Nasdaq retains its interest in pursuing an acquisition...for acquisition.However, longer term, Nasdaq has made clear it would like to own the...
Sep 11 2006, By Norma Cohen, Lina Saigol and Neil Hume, Financial Times
COMPANIES INTERNATIONAL: Heelys rolls out plans for Nasdaq float
...responsible for the craze involving wheeled shoes for children, has filed with US regulators to raise up to $115m by floating on the Nasdaq stock market.Texas-based Heelys makes dual-purpose footwear that incorporates removable wheels in the heel.The shoes, which...
Sep 04 2006, By Anuj Gangaharin New York, Financial Times
FRONT PAGE - COMPANIES AND MARKETS: Nasdaq prepares for price war if NYSE cuts tariffs
Nasdaq, the world's second largest stock exchange, is prepared for a price war with the New York...comfortable with our current pricing position," Chris Concannon, head of transaction services at Nasdaq, told the Financial Times.He claimed new prices set by Nasdaq this year were already less than half those charged by the NYSE and that a price war would...
Aug 21 2006, By Norma Cohen and John Authers in New York, Financial Times
US stocks fall as Fed keeps rates unchanged
...debt, or $32.75 a share.Meanwhile, the Nasdaq Stock Market formally launched its $5...of 28.75 per cent.The LSE has rejected Nasdaq's overtures.Shares in the US exchange...cent or 1.48 points at 1,411.56 while the Nasdaq Composite Index was 0.5 per cent, or 11...
Dec 12 2006, By Anuj Gangahar and Michael Mackenzie in New York, FT.com site
THE WAY WE LIVE NOW: The mystery of the missing sound bite
...from welfare state reform to the strategic threat posed by Iran, but then lost himself when he was asked for his stance on the Nasdaq bid for the LSE.The prime minister was totally flummoxed. "If I was at prime minister's questions," he confessed, "this is the...
Dec 13 2006, By Maggie Urry, Financial Times
COMPANIES UK: Heyman raises LSE stake after Furse talks
...change's chief executive, on how to respond to Nasdaq's £2.7bn hostile offer.Heyman Investment...sidelines of the battle between the LSE and Nasdaq, both of which want its support.Heyman...12.43 bid price, a clear message to Nasdaq that its offer is too low.Heyman declined...
Dec 07 2006, By James Mackintosh, Financial Times
SETS trade rise fails to quell investor discomfort
...about the offer.They fear that unless Nasdaq is encouraged by the LSE to raise its...at £13.11.The LSE has firmly rebuffed Nasdaq's "final" offer, saying it so deeply undervalued...the bidder.Under Takeover Panel rules, Nasdaq can only improve its offer if the board...
Dec 07 2006, By Norma Cohen, FT.com site
Heyman raises LSE stake to 8.98%
...change's chief executive, on how to respond to Nasdaq's £2.7bn hostile offer.Heyman Investment...sidelines of the battle between the LSE and Nasdaq, both of which want its support.Heyman...12.43 bid price, a clear message to Nasdaq that its offer is too low.Heyman declined...
Dec 06 2006, By James Mackintosh, FT.com site
Nasdaq leads Wall Street dip
...Ensco International slid 5 per cent to $41.65.At the close, the S&P 500 was down 0.3 per cent or 4.53 points at 1,331.32. The Nasdaq Composite was down 0.9 per cent, or 20.83 points at 2,237.60. The Dow Jones Industrial Average was down 0.1 per cent or 8.72...
Oct 02 2006, By John O'Doherty in New York, FT.com site
Melco gets clearance for Nasdaq listing
...Melco International Development's proposed Nasdaq spin-off, allowing it to proceed with...Packer's Publishing and Broadcasting on the Nasdaq stock exchange – as it seeks funds for...also emphasised that Melco's intended Nasdaq vehicle would hold only a portion of its...
Oct 26 2006, By Tom Mitchell in Hong Kong, FT.com site
COMPANIES LSE: APPROACH FROM NASDAQ: Merging Nasdaq with the LSE makes real strategic sense and creates deep liquidity
A merger of Nasdaq with the London Stock Exchange would bring...approach - and of the LSE's rejection - Nasdaq's stock had gained more than 6 per cent...forward to discussing this offer with Nasdaq and to continued dialogue with LSE."Analysts...
Mar 11 2006, By John Authers in New York, Financial Times
Nasdaq in $4.1bn approach for LSE
Nasdaq on Friday fired the first shot in the long-awaiting consolidation...a substantially higher price than previous offers, the Nasdaq's move suggests that the LSE will be hard-pressed to maintain...is compelling. It was well received in New York, where Nasdaq's shares closed up 12.5 per cent at $44.43. The bid proposal...
Mar 10 2006, By Norma Cohen in London and John Authers in New York, FT.com site
Nasdaq shares surge on denial of LSE talks
Shares in the Nasdaq Stock Market surged as much as 12 per...talks with the London Stock Exchange.A Nasdaq official confirmed Robert Greifeld's remarks...the exchanges can be struck. The LSE and Nasdaq had held talks previously in 2000 about...
Jan 26 2006, By Norma Cohen in London, FT.com site
Nasdaq raises LSE stake to block rival
Nasdaq, the US-based stock exchange, on Wednesday increased its...target.Neither the NYSE nor the LSE said it had no comment. Nasdaq's stake is not large enough to block a rival bid but it...corporate reconstruction that is typical following a merger.Nasdaq yesterday purchased 13.8m shares in the LSE at 1248p from...
May 10 2006, By Norma Cohen in London, FT.com site
Nasdaq statement on LSE rejection
...proposal to LSE on the 9 March 2006. NASDAQ believes that its proposal would represent...date been proffered by other parties. NASDAQ is the world's leading electronic stock...market capitalisation of US$3.6 trillion. NASDAQ (ticker: NDAQ) is listed on its own market...
Mar 10 2006, FT.com site
Nasdaq must offer more, say LSE shareholders
...several LSE shareholders have said privately that Nasdaq, which has proposed £9.50 a share, must offer...they consider a deal. The LSE board has rejected Nasdaq's £2.4bn offer.Meanwhile, Nasdaq has made it clear that it will consider a higher...
Mar 15 2006, By Kate Burgess in London and John Authers in New York, FT.com site
Nasdaq seeks a way through regulation maze
When Nasdaq and the London Stock Exchange last discussed...group would be regulated.Four years on, Nasdaq executives believe they have found a way around this thorny issue.In recent months, Nasdaq has been in discussions with the Securities...
Mar 10 2006, By Peter Thal Larsen in London and Andrew Parker in New York, FT.com site
Nasdaq ahead of schedule on Inet link-up
Nasdaq expects to complete the integration of its trading platform...ahead of its original deadline.The announcement, which Nasdaq made on Thursday, came as the exchange was attempting to...friendly $4.2bn offer which was rebuffed two weeks ago. Nasdaq also said that its had cut its technology costs by more...
Mar 23 2006, By John Authers in New York, FT.com site
Nasdaq suffer blow as shares dive 7%
Nasdaq, the NYSE Group's biggest rival, suffered the sharpest...shares dropping more than 7 per cent in morning trading. Nasdaq has amassed a 25.1 per cent holding in the London Stock...most recent acquisition, represents almost 20 per cent of Nasdaq's own capitalisation. Under US accounting rules, a portion...
May 22 2006, By John Authers and Anuj Gangahar in New York, FT.com site
Nasdaq credit rating cut to junk
Standard & Poor's cut Nasdaq's credit rating to junk status on Tuesday...Stock Exchange.The rating agency lowered Nasdaq's counterparty credit and bank loan...level, to BBB-. The change will increase Nasdaq's borrowing costs as it pursues the...
May 16 2006, By Ben White in New York, FT.com site
Nasdaq deeper into debt for LSE bid
The Nasdaq stock exchange's acquisition last week...following criticism from ratings agencies.Nasdaq has declined to discuss how it financed...would bring the total long-term debt on Nasdaq's balance sheet to almost $2bn. This compares...
Apr 14 2006, By John Authers in New York, FT.com site
Nasdaq buys 14.9% stake in London Stock Exchange
The Nasdaq Stock Market said on Tuesday it had acquired 38.1m shares in the London Stock Exchange for a 14.99 per cent ownership stake.Nasdaq dropped a proposed 2.4 billion pound ($4.18 billion) offer for the LSE, Europe's largest stock market, on March 30.
Apr 11 2006, LONDON, April 11 (Reuters), FT.com site
COMPANIES INTERNATIONAL: Nasdaq set to buy Shareholder.com
The Nasdaq stock market is expected to announce today...Terms of the deal, which is not material to Nasdaq's finances, will not be disclosed. Shareholder...will become a wholly owned subsidiary of Nasdaq, was founded 12 years ago and has more...
Jan 10 2006, By John Authers, Financial Times
COMPANIES UK: Nasdaq to cast eye over LSE update
...are expected to be closely watched by Nasdaq, the US-based exchange that has tentatively...results for the year, expected in late April.Nasdaq is expected to be reviewing the statement...secondary offering of shares.However, if Nasdaq delays too long, it risks being undercut...
Mar 28 2006, By Norma Cohen, Financial Times
THE AMERICAS: Nasdaq ahead of schedule on Inet link-up
Nasdaq expects to complete the integration of its trading platform...its friendly $4.2bn offer that was rebuffed two weeks ago.Nasdaq also said it had cut its technology costs by more than...trend to continue over the next 18 months. Chris Concannon, Nasdaq's executive vice-president, also said that the time to...
Mar 24 2006, By John Authers in New York, Financial Times
January 19: Nasdaq named as LSE bidder
Nasdaq has held preliminary takeover talks with the London Stock...it has formally rejected Macquarie's 580p hostile bid. Nasdaq and the LSE have talked before, about four years ago. I...cash if they need it. It's worth bearing in mind that if Nasdaq moves, then the NYSE won't just stand by and watch. LSE...
Jan 19 2006, FT.com site
COMPANIES INTERNATIONAL: Nasdaq pays for LSE stake with debt
The Nasdaq stock market is financing last week's acquisition...credit facility from the Bank of America, Nasdaq revealed yesterday.The announcement confirms...uniquely by debt. The new facility replaces Nasdaq's syndicated loan from a group of banks...
Apr 18 2006, By John Authers in New York, Financial Times
COMPANIES UK: Nasdaq boss Greifeld to meet Furse
Bob Greifeld, chief executive of Nasdaq, the US-based stock exchange that has...and are not a prelude to a full bid by Nasdaq for the LSE.Mr Greifeld is not expected...board or any other measure that would make Nasdaq privy to inside information.Earlier this...
May 27 2006, By Norma Cohen, Financial Times
MARKETS WEEK: Nasdaq must act soon to clinch LSE
The Nasdaq stock exchange has the next move in its...first voiced on CNBC on Thursday, that Nasdaq, now the world's second largest stock exchange...yet reached the stage of talks between Nasdaq and the LSE, which is occupied with a hostile...
Jan 21 2006, By John Authers, Financial Times
COMPANIES UK: Nasdaq confirms it is not in bid talks with LSE
...slipped after the chief executive of the Nasdaq stock market said the company was not in bid talks with the LSE.A Nasdaq official confirmed his remarks, which...exchanges can be struck. The LSE and Nasdaq had held talks previously in 2000 about...
Jan 27 2006, By Norma Cohen, Financial Times
COMPANIES UK: Nasdaq move puts NYSE on back foot
...approach for the London Stock Exchange from Nasdaq.Analysts in New York regard it as a virtual...its competition for market share with Nasdaq, its main rival in the market for US cash...currently have a stake in the exchange.Nasdaq's offer, therefore, appears to have been...
Mar 13 2006, By John Authers in New York, Financial Times
LEX COLUMN: Nasdaq attack Global exchanges
...perspective once in a while. From that of Nasdaq investors, for example, the London Stock...to command Google-like multiples, with Nasdaq itself valued at about 65 times earnings...Both the New York Stock Exchange and Nasdaq are only starting to capture the benefits...
Mar 13 2006, Financial Times
Greifeld brings Nasdaq back to global stage
About six weeks into his tenure as Nasdaq chief executive, Robert Greifeld, a runner...international ventures.That was June 2003 and Nasdaq was reeling from a three-year bear market...attended business school, aims to restore Nasdaq's fortunes.Mr Greifeld, who wrote his...
Mar 10 2006, By Andrei Postelnicu in New York, FT.com site
COMPANIES INTERNATIONAL: Nasdaq cuts LSE debt with offering
The Nasdaq Stock Market yesterday raised a net $664...in the London Stock Exchange this month.Nasdaq sold 18,500,000 shares at $37.36 per share...yesterday at $37.42, up 6 cents for the day.Nasdaq's LSE stake, for which it paid $782m, was...
Apr 29 2006, By Anuj Gangahar in New York, Financial Times
COMPANIES EUROPE: Nasdaq's rating reduced to junk after LSE moves
Standard & Poor's yesterday cut Nasdaq's credit rating to junk status, citing...Exchange.The debt rating agency lowered Nasdaq's counterparty credit and bank loan rating...level, to BBB-. The change will increase Nasdaq's borrowing costs as it pursues the LSE...
May 17 2006, By Ben White in New York, Financial Times
FRONT PAGE - FIRST SECTION: Nasdaq increases LSE stake to 18.7%
Nasdaq, the US-based stock exchange, yesterday raised its stake in the London Stock Exchange to 18.7 per cent.The move strengthened...Euronext which confirmed that it was no longer in discussions with the London exchange about a possible offer for the company.Nasdaq is thought to have acquired the shares from Wellington Management at 1218p, setting a new floor for its offer should it...
May 04 2006, By Norma Cohen in London and John Authers in New York, Financial Times
COMPANIES LSE: APPROACH FROM NASDAQ: 35 YEARS FROM NEW YORK CONCEPTION TO AGGRESSIVE PREDATOR
*Nasdaq, founded in 1971 by the National Association...600 listed companies in 1996. Benchmark Nasdaq composite index peaked at 5,048 onMarch 10 2000 and last trades at about 2,263.*Nasdaq applied to regulators for exchange status...
Mar 11 2006, Financial Times
FRONT PAGE - FIRST SECTION: Nasdaq bids £2.4bn for LSE
...entered a new phase last night when US-based Nasdaq offered 950p a share in a move which observers...a sign it is amenable to further talks.Nasdaq said it believed it had devised a structure...Securities and Exchange Commission.However, Nasdaq has devised a holding company structure...
Mar 11 2006, By Norma Cohen, Financial Times
COMPANIES LSE: APPROACH FROM NASDAQ: 'NYSE will see their biggest competitor now has the only listings brand in Europe'
Yesterday's announcement that Nasdaq stock exchange had made its long-rumoured...Paris-based Euronext.The mere possibility that Nasdaq will snatch the prize only increases the...electronic communications network acquired by Nasdaq last year. "There is very big value for...
Mar 11 2006, By John Authers in New York, Financial Times
FRONT PAGE - FIRST SECTION: Nasdaq raises stake in LSE
Nasdaq, the US-based stock exchange, yesterday raised its stake...stock and derivatives exchanges is gathering pace at last.Nasdaq is thought to have acquired the shares from Wellington...priced as as soon as today, leaving the exchange free to bid.Nasdaq this year bought a14.9 per cent stake in the LSE, the maximum...
May 04 2006, By Norma Cohen in London and John Authers in New York, Financial Times
...the London Stock Exchange's riposte to Nasdaq is remarkably restrained. Its main point...management do not want to be bought by Nasdaq. Still, within the conventional, shareholder-friendly...left. A white knight looks unlikely given Nasdaq has a 29 per cent stake and almost a year...
Dec 20 2006, Financial Times
FRONT PAGE - COMPANIES AND MARKETS: LSE plan to repel Nasdaq bid
...12.43 per share offer from US-based Nasdaq, underscoring its opposition to the bid...closed 7p lower at 1310p in light trading.Nasdaq, in turn, responded by dismissing the...specifically aimed at taking market share from Nasdaq. The announcement helped to send Nasdaq...
Dec 20 2006, By Norma Cohen in London, Anuj Gangahar in New York and Ian,Bickerton in Amsterdam, Financial Times
LSE/Nasdaq
...the London Stock Exchange's riposte to Nasdaq is remarkably restrained. Its main point...management do not want to be bought by Nasdaq. Still, within the conventional, shareholder-friendly...left. A white knight looks unlikely given Nasdaq has a 29 per cent stake and almost a year...
Dec 19 2006, FT.com site
LSE rejects Nasdaq approach
...to see off a hostile £2.7bn bid from Nasdaq.Issuing a defence document, the LSE said...VIDEO Norma Cohen on LSE's rejection of Nasdaq's bidIn the document, the LSE forecasts...global context." In recent weeks, however, Nasdaq's own advisers have pointed to the dominance...
Dec 19 2006, By Norma Cohen, FT.com site
Nasdaq sets clock ticking on LSE offer
Nasdaq on Tuesday formally launched its £2.7bn bid for the London...trading. By mailing the formal proposal to shareholders, Nasdaq has set the takeover clock ticking, with the LSE expected to produce a defence document by December 26. If Nasdaq has not succeeded in acquiring the LSE by February 10...
Dec 12 2006, By Sarah Spikes and Norma Cohen, FT.com site
Nasdaq's final offer turns up heat on LSE
Nasdaq on Tuesday turned the heat up on the London Stock Exchange...lowered the threshold for its acquisition offer to go through.Nasdaq's interest in the LSE has been clear for months; earlier...the UK Takeover Code.Boxing itself into its own corner, Nasdaq has upped the ante by describing its offer as "final...
Dec 12 2006, FT.com site
LSE/Nasdaq
...Exchange. After Tuesday's publication of Nasdaq's offer document, the London Stock Exchange...little over £12.43 since November 20, when Nasdaq's offer was announced. This suggests some think Nasdaq could tweak its price, but not that there...
Dec 12 2006, FT.com site
COMPANIES UK: Nasdaq goes back on the offensive
That Nasdaq's offer document, published yesterday, contains none...fact, it is just the latest manoeuvre this year in Nasdaq's assault on Europe's largest cash equities exchange.Nasdaq first approached the LSE in February but was rebuffed...
Dec 13 2006, By Norma Cohen, Financial Times
LEX COLUMN: LSE/Nasdaq
...Exchange. After yesterday's publication of Nasdaq's offer document, the London Stock Exchange...little over £12.43 since November 20, when Nasdaq's offer was announced. This suggests some think Nasdaq could tweak its price, but not that there...
Dec 13 2006, Financial Times
Hedge funds hold power to decide Nasdaq bid
Nasdaq's move to lower the acceptance level for its £2.7bn hostile...through derivatives such as contracts for difference. If Nasdaq could win them over, the combination of their stakes and...to secure the deal."To make any kind of credible threat, Nasdaq has to scare the share price down to something closer to...
Dec 12 2006, By James Mackintosh, FT.com site
FRONT PAGE - COMPANIES AND MARKETS: Nasdaq sets clock ticking on LSE offer
Nasdaq yesterday formally launched its £2.7bn bid for the London...13.20. By mailing the formal proposal to shareholders, Nasdaq has set the takeover clock ticking, with the LSE expected to produce a defence document by December 26. If Nasdaq has not succeeded in acquiring the LSE by February 10...
Dec 13 2006, By Norma Cohen, Financial Times
COMPANIES UK: The FSA may be no easy pushover for Nasdaq
...BAA. They could now be raised again with Nasdaq's tilt at the London Stock Exchange.To...Yet there are grounds for questioning a Nasdaq business model that entails exceptionally...Services Authority feels about this because Nasdaq would have to meet its recognition requirements...
Dec 11 2006, By John Plender, Financial Times
COMPANIES UK: Hedge funds hold the power to decide fate of Nasdaq bid
Nasdaq's move to lower the acceptance level for its £2.7bn hostile...through derivatives such as contracts for difference. If Nasdaq could win them over, the combination of their stakes and...to secure the deal."To make any kind of credible threat, Nasdaq has to scare the share price down to some-thing closer...
Dec 13 2006, By James Mackintosh, Financial Times
LSE rejects Nasdaq approach
...that the £2.7bn ($5.3bn) hostile bid by Nasdaq, at £12.43 a share, did not even give...global context".In recent weeks, however, Nasdaq's advisers have pointed to the dominance...quick and profitable exit.Bob Greifeld, Nasdaq chief executive, said yesterday: "The...
Dec 19 2006, By Norma Cohen, FT.com site
COMPANIES - NASDAQ BID FOR LSE: Nasdaq's hunter sees an end to the chase
Bob Greifeld, Nasdaq's chief executive, has the look of a hunter...Exchange, which values it at just over £2bn."Nasdaq never had the historic monopoly of the...no bones about the opportunity given to Nasdaq by the news last week that a group of...
Nov 21 2006, By Norma Cohen, Financial Times
COMPANIES - NASDAQ BID FOR LSE: Blurring of lines as stock trading landscape alters
...landscape, long dominated by the NYSE and Nasdaq, is evolving fast as banks and brokers...firms fearing a strengthening duopoly of Nasdaq and the NYSE taking power away from investment...fierce competition between the NYSE and Nasdaq means neither can raise fees too much...
Nov 21 2006, By Anuj Gangahar in New York, Financial Times
COMPANIES - NASDAQ BID FOR LSE: NYSE APPROACHES ENDGAME IN ITS ATTEMPT TO PURCHASE EURONEXT
While the Nasdaq and LSE continue their game of cat and...pan-European exchange, writes Anuj Gangahar.When Nasdaq first began its stake building in the...exchange. But analysts said the larger Nasdaq's stake became - sitting just under30...
Nov 21 2006, By Anuj Gangahar, Financial Times
Nasdaq: $5.1bn LSE offer is a 'stretch'
Nasdaq on Monday unveiled terms of up to $5.1bn in new finance...with the US Securities and Exchange Commission on Monday, Nasdaq disclosed that for part of that borrowing, a $1.75bn bridge...shares that carry the same punitive interest rates.When Nasdaq announced its bid for the LSE last week, Standard & Poors...
Nov 27 2006, By Norma Cohen in London and Anuj Gangahar in New York, FT.com site
LOMBARD: Nasdaq, BSkyB and the risks of stake-building
...coincidence, but the occurrence within days of Nasdaq's offer for the London Stock Exchange...irritating investors in the buyer and, as the Nasdaq and BSkyB cases demonstrate, even unsettling...direct unwelcome attention on to the buyer.Nasdaq's first approach to the LSE invited scrutiny...
Nov 21 2006, By Andrew Hill, Financial Times
Nasdaq would need 'rosy view' to lift LSE bid
Nasdaq would have to take a very rosy view of the London Stock...exchange might recommend, analysts said on Tuesday.Moreover, Nasdaq has only limited financial headroom to increase its offer...stock to its existing shareholders.The LSE has said that Nasdaq's £12.43-a-share offer "substantially undervalues" the...
Nov 21 2006, By Chris Hughes, FT.com site
COMPANIES: NASDAQ BID FOR LSE: City struggles at LSE change
...struggled with the implicationsof what a Nasdaq takeover of the London Stock Exchangewould...instead slow growth.Some were concerned that Nasdaq might be under pressure to use a near...because the LSE's price was too high.While Nasdaq's statement did not specifically address...
Nov 21 2006, By Sarah Spikesand John Willman, Financial Times
COMMENT: Nasdaq's marathon man
...about Mr Greifeld. The chief executive of Nasdaq, which this week made a £2.7bn hostile...real manager," says Glenn Hutchins, a Nasdaq director whose private equity firm Silver...Not that the offer came as any surprise. Nasdaq made a lower offer in March - one of five...
Nov 25 2006, By David Wighton, Financial Times
COMPANIES - NASDAQ BID FOR LSE: REACTION TO THE PROPOSAL
"If they (Nasdaq) are serious about not interfering in...investment bank"I'm concerned that if Nasdaq were to attempt to dismantle the structure...many ways a traditional exchange, while Nasdaq is a high-tech market, and the fact that...
Nov 21 2006, By Sarah Spikes, Financial Times
Nasdaq/LSE
...time? It took only a few hours to reject Nasdaq's "final" 1243p a share offer. UK rules...recommended. The LSE seems to be betting that Nasdaq, which now owns 29 per cent of it, has...whatever it takes.Symptom one is that Nasdaq is buying into toppy earnings forecasts...
Nov 20 2006, FT.com site
COMPANIES UK: Nasdaq's 'high-handed tactic' to capture LSE
...London Stock Exchange as a "final" offer, Nasdaq has embarked on an unusually confrontational...late 1980's.In framing its bid as final, Nasdaq has ruled out making any move on its own...rules.The only circumstances under which Nasdaq can offer a higher price is if it is one...
Nov 22 2006, By Norma Cohen and James Mackintosh, Financial Times
LEX COLUMN: LSE/Nasdaq
...time? It took only a few hours to reject Nasdaq's "final" £12.43 a share offer. UK rules...recommended. The LSE seems to be betting that Nasdaq, which now owns 29 per cent of it, has...whatever it takes.Symptom one is that Nasdaq is buying into toppy earnings forecasts...
Nov 21 2006, Financial Times
FRONT PAGE - FIRST SECTION: LSE scorns 'final' Nasdaq bid
...final" offer to be acquired by US-based Nasdaq, saying the bid so undervalued the company...switched hands. The price is the minimum Nasdaq has to pay until next May under UK takeover...initial 25.3 per cent stake.Yesterday, Nasdaq increased that to 28.75 per cent, buying...
Nov 21 2006, By Norma Cohen in London, Financial Times
COMPANIES INTERNATIONAL: Tighter US rules help Nasdaq
...pondering the possible repercussions of a Nasdaq takeover of the London Stock Exchange...raise £15m ($29m) on Aim rather than Nasdaq, the company gave the now conventional...who believes tighter regulation has made Nasdaq a better market.He also thinks that small...
Nov 24 2006, By David Blackwell, Financial Times
LSE shuns 'final' £2.7bn Nasdaq bid
...final" offer to be acquired by US-based Nasdaq, saying the bid so undervalued the company...switched hands. The price is the minimum Nasdaq has to pay until next May under UK takeover...initial 25.3 per cent stake.On Monday, Nasdaq increased that to 28.75 per cent, buying...
Nov 20 2006, By Norma Cohen in London, FT.com site
COMPANIES UK: S&P cuts Nasdaq debt rating on LSE
...Rating Services has indicated it believes Nasdaq is having to stretch to finance its...Stock Exchange.S&P yesterday cut a key Nasdaq debt
US group turns its back on Nasdaq for Aim
...a green tinge to join Aim rather than Nasdaq will be Catalytic Solutions.Its arrival...have helped to build Aim's success.If Nasdaq succeeds in buying the London Stock Exchange...Hunt, said that it must be assumed that Nasdaq has looked at Aim's success in developing...
Nov 21 2006, By David Blackwell, FT.com site
FRONT PAGE - COMPANIES AND MARKETS: Nasdaq admits LSE finance 'a stretch'
Nasdaq admitted yesterday that the cost of raising up to $5.1bn (£2.6bn) needed for its proposed acquisition of the London Stock Exchange left it little scope to raise its offer."It's a stretch," a Nasdaq official said of the credit facility.Nasdaq has offered to buy the remaining 71 per cent stake of the LSE it does not own for £12.43 a share...
Nov 28 2006, By Norma Cohen in London and Anuj Gangahar in New York, Financial Times
COMPANIES UK: US group turns its back on Nasdaq and joins Aim
...a green tinge to join Aim rather than Nasdaq will be Catalytic Solutions.Its arrival...have helped to build Aim's success.If Nasdaq succeeds in buying the London Stock Exchange...Hunt, said that it must be assumed that Nasdaq has looked at Aim's success in developing...
Nov 22 2006, By David Blackwell, Financial Times
COMPANIES UK: Centaurus takes bet on LSE bid
...first hedge fund to make a big bet that Nasdaq's £2.7bn bid for the London Stock Exchange...lower than the £12.43-a-share bid by Nasdaq.Centaurus would earn £30,000 for every...LSE stake last week after meetings with Nasdaq executives in London at which the US exchange...
Dec 21 2006, By James Mackintosh, Hedge Fund Correspondent, Financial Times
Nasdaq leads Wall Street lower
...investors unwilling to stretch the market's recent strength.The Nasdaq Composite led the way lower as several technology companies...Jones Transportation Average index declined 0.8 per cent.The Nasdaq closed 6.52 points, or 0.3 per cent, lower at 2,445.86, but...
Dec 06 2006, By Michael Mackenzie in New York, FT.com site
FSA may be no pushover for Nasdaq
...BAA. They could now be raised again with Nasdaq's tilt at the London Stock Exchange. To...Yet there are grounds for questioning a Nasdaq business model that entails exceptionally...Services Authority feels about this because Nasdaq would have to meet its recognition requirements...
Dec 10 2006, By John Plender, FT.com site
FT MARKETS: Technology company downgrades hit Nasdaq
...investors unwilling to stretch the market's recent strength.The Nasdaq Composite led the way lower as several technology companies...Jones Transportation Average index declined 0.8 per cent.The Nasdaq closed 6.52 points, or 0.3 per cent, lower at 2,445.86, but...
Dec 07 2006, By Michael Mackenzie, Financial Times
The FSA may be no easy pushover for Nasdaq
...BAA. They could now be raised again with Nasdaq's tilt at the London Stock Exchange. To...Yet there are grounds for questioning a Nasdaq business model that entails exceptionally...Services Authority feels about this because Nasdaq would have to meet its recognition requirements...
Dec 10 2006, By John Plender, FT.com site
STOCK MARKETS AND CURRENCIES: Tech downgrades hurt Nasdaq
...investors unwilling to stretch the market's recent strength.The Nasdaq Composite led the way lower as several technology companies...Jones Transportation Average index was 0.8 per cent lower.The Nasdaq was 4.69 points, or 0.2 per cent, lower at 2,447.69, having...
Dec 07 2006, By Michael Mackenzie, Financial Times
COMPANIES INTERNATIONAL: SEC charges four over illegal listing on Nasdaq
...called China Energy winning a listing on Nasdaq last year. It traded for a full year before...manipulation scheme to fraudulently obtain the Nasdaq listing, artificially inflating China...products. The defendants then sought a Nasdaq listing. But lacking a required base of...
Dec 05 2006, By Jeremy Grant in Washington, Financial Times
FT PREVIEW: Nasdaq's man of action
...submitted a thesis on the operation of the Nasdaq stock market as part of his masters degree...landscape.In March 2004, he oversaw the launch of Nasdaq's market centre - a system capable of trading Nasdaq, New York Stock Exchange and American Stock...
Oct 16 2006, By Anuj Gangahar in New York,By Anuj Gangahar, Financial Times
Strong LSE trading volume augurs well for Nasdaq offer
...are released in early November.US-based Nasdaq, owner of a 25.3 per cent stake in the...shareholders and analysts that the size of Nasdaq's stake in the LSE is a poison pill to...try to hold out for a better price from Nasdaq than the 1243p it would currently be required...
Sep 28 2006, By Norma Cohen in London, FT.com site
MUDLARK: Language lessons
Britain and America are meant to be two nations separated by a common language, but Mudlark was at a loss to explain what Nasdaq chairman H Furlong "Baldy" Baldwin meant when he announced an extension of CEO Bob Greifeld's contract until December 31 2010...
Dec 19 2006, By Jonathan Moules, Financial Times
COMPANIES UK: Plus a four-letter word
...listed companies meant that by early summer this year "Plus" was a four-letter word for the LSE.This week - just one day after Nasdaq launched its £2.7bn hostile bid for the LSE - he unveiled greater ambitions. In essence he wants Plus to be a rival competing...
Dec 15 2006, By David Blackwell, Financial Times
Nasdaq's marathon man
...about Mr Greifeld. The chief executive of Nasdaq, which this week made a £2.7bn ($5.2bn...real manager," says Glenn Hutchins, a Nasdaq director whose private equity firm Silver...Not that the offer came as any surprise. Nasdaq made a lower offer in March – one of...
Nov 24 2006, By David Wighton, FT.com site
Nasdaq's 'high-handed tactic' to capture LSE
...London Stock Exchange as a "final" offer, Nasdaq has embarked on an unusually confrontational...late 1980's.In framing its bid as final, Nasdaq has ruled out making any move on its own...rules.The only circumstances under which Nasdaq can offer a higher price is if it is one...
Nov 21 2006, By Norma Cohen and James Mackintosh, FT.com site
Nasdaq needs to lift LSE bid
...left, right and centre. This morning, Nasdaq finally pounced on the LSE, offering...cent.As FT Alphaville said this morning, Nasdaq is clearly taking advantage of the doubts...of investment banks (and why not?). If Nasdaq really believed the banks' plan posed...
Nov 20 2006, FT.com site
Nasdaq chief senses LSE within grasp
Bob Greifeld, Nasdaq's chief executive, had the look of a hunter...values it at just over £2bn ($3.8bn)."Nasdaq never had the historic monopoly of the...no bones about the opportunity given to Nasdaq by news last week that a group of seven...
Nov 20 2006, By Norma Cohen, FT.com site
COMPANIES - NASDAQ BID FOR LSE: Regulatory safeguards to be fast-tracked
Powers to prevent a US-owned London Stock Exchange from imposing onerous Sarbanes-Oxley- style regulation on the City will
Nov 21 2006, By Jean Eaglesham,Chief Political Correspondent, Financial Times
COMPANIES - NASDAQ BID FOR LSE: Commissioner welcomes US takeover moves
US interest in acquiring European stock exchanges was hailed as "a welcome sign" by Charlie McCreevy, the European internal
Nov 21 2006, By Andrew Bolger,Scotland Correspondent, Financial Times
COMPANIES ASIA-PACIFIC: Infosys prices Nasdaq ADR offering
...part of a bid to win it inclusion in the Nasdaq-100 Index.The offering comes as Indian...chief executive of Infosys, said of the Nasdaq offer-ing, the company's third such follow-on...of shares the company has listed on the Nasdaq to meet the free float requirements of...
Nov 22 2006, By Joe Leahy in Mumbai, Financial Times
COMPANIES UK: Franklin buys on Nasdaq and raises NTL stake
...increased its holding earlier this week, buying 1.63m shares on Nasdaq, where the UK cable group is traded.The purchase follows last...been concerned about the move, which would possibly entail the Nasdaq-listed group making a cash bid of at least 120p a share.NTL...
Nov 15 2006, By Emiko Terazonoand Jenny Wiggins, Financial Times
COMPANIES UK: McCooey leads new Nasdaq unit
Robert McCooey, a well- known floor broker at the New York Stock Exchange, is taking up the role of senior vice-president leading Nasdaq's new unit, Capital Markets Group.He joins from The Griswold Company, a NYSE floor broker, where he was a founder and served...
Nov 15 2006, By Ruth Sullivan, Financial Times
Infosys prices $1.5bn Nasdaq ADR offer
...part of a bid to win it inclusion in the Nasdaq-100 Index.The offering comes as Indian...chief executive of Infosys, said of the Nasdaq offering, the company's third such follow-on...of shares the company has listed on the Nasdaq to meet the free float requirements of...
Nov 21 2006, By Joe Leahy in Mumbai, FT.com site
STOCK MARKETS AND CURRENCIES: Tech woes hold back Nasdaq
...per cent to $17.87 after a warning that future sales would decline in the region of 5-10 per cent.Those losses held backthe Nasdaq Composite index, which showed a gain ofjust 0.2 per cent, or4.92 points, to 2,447.67.After early losses, the Philadelphia semiconductor...
Nov 17 2006, By Michael Mackenzie, Financial Times
Nasdaq reports strong profits as revenues soar
The Nasdaq Stock Market, the second largest US equity...Street forecasts, despite losses related to Nasdaq's recent stake building in the London Stock Exchange. For the quarter ended June 30, Nasdaq earned $16.6m compared with $14m in the...
Jul 20 2006, By Anuj Gangahar in New York, FT.com site
COMPANIES INTERNATIONAL: Nasdaq looks at Europe growth via Sweden
...talks between Stockholm-based OMX and Nasdaq have added a fresh twist to the cocktail...European capital markets.After all, US-based Nasdaq, which has proclaimed its determination...stake in the London Stock Exchange. If Nasdaq is interested in expanding in Europe...
Sep 14 2006, By Norma Cohen in London and Anuj Gangahar in New York, Financial Times
COMPANIES UK: Nasdaq gives the LSE another squeeze
Nasdaq came on strong for the London Stock Exchange earlier this...the LSE's petite rival, OMX of Sweden.If Bob Greifeld, Nasdaq's chief executive, is trying to make his LSE counterpart...for the LSE to continue its hostility towards a deal with Nasdaq if the US technology exchange owned OMX. The logic of combining...
Sep 12 2006, By Chris Hughes, Financial Times
COMPANIES INTERNATIONAL: Nasdaq's low trade fees eat into NYSE's monopoly
Nasdaq, the electronic stock market, said that its share of trading...stocks that were both advertised for and bought or sold on Nasdaq's system - rose nearly two percentage points to 12.5 per...cent in July.Industry experts said that the steep rise of Nasdaq's market share in August, albeit in a month typically low...
Sep 07 2006, By Norma Cohen in London and Anuj Gangahar in New York, Financial Times
COMPANIES INTERNATIONAL: Nasdaq reports strong profits as revenues soar
The Nasdaq Stock Market, the second largest US equity...Street forecasts, despite losses related to Nasdaq's recent stake building in the London Stock Exchange.For the quarter ended June 30, Nasdaq earned $16.6m compared with $14m in the...
Jul 21 2006, By Anuj Gangahar in New York, Financial Times
FRONT PAGE - COMPANIES AND MARKETS: Nasdaq in early talks to acquire OMX
...in preliminary talks to be acquired by Nasdaq, the US-based electronic stock exchange...the talks are at a very early stage and Nasdaq retains its interest in pursuing an acquisition...for acquisition.However, longer term, Nasdaq has made clear it would like to own the...
Sep 11 2006, By Norma Cohen, Lina Saigol and Neil Hume, Financial Times
COMPANIES INTERNATIONAL: Heelys rolls out plans for Nasdaq float
...responsible for the craze involving wheeled shoes for children, has filed with US regulators to raise up to $115m by floating on the Nasdaq stock market.Texas-based Heelys makes dual-purpose footwear that incorporates removable wheels in the heel.The shoes, which...
Sep 04 2006, By Anuj Gangaharin New York, Financial Times
FRONT PAGE - COMPANIES AND MARKETS: Nasdaq prepares for price war if NYSE cuts tariffs
Nasdaq, the world's second largest stock exchange, is prepared for a price war with the New York...comfortable with our current pricing position," Chris Concannon, head of transaction services at Nasdaq, told the Financial Times.He claimed new prices set by Nasdaq this year were already less than half those charged by the NYSE and that a price war would...
Aug 21 2006, By Norma Cohen and John Authers in New York, Financial Times
US stocks fall as Fed keeps rates unchanged
...debt, or $32.75 a share.Meanwhile, the Nasdaq Stock Market formally launched its $5...of 28.75 per cent.The LSE has rejected Nasdaq's overtures.Shares in the US exchange...cent or 1.48 points at 1,411.56 while the Nasdaq Composite Index was 0.5 per cent, or 11...
Dec 12 2006, By Anuj Gangahar and Michael Mackenzie in New York, FT.com site
THE WAY WE LIVE NOW: The mystery of the missing sound bite
...from welfare state reform to the strategic threat posed by Iran, but then lost himself when he was asked for his stance on the Nasdaq bid for the LSE.The prime minister was totally flummoxed. "If I was at prime minister's questions," he confessed, "this is the...
Dec 13 2006, By Maggie Urry, Financial Times
COMPANIES UK: Heyman raises LSE stake after Furse talks
...change's chief executive, on how to respond to Nasdaq's £2.7bn hostile offer.Heyman Investment...sidelines of the battle between the LSE and Nasdaq, both of which want its support.Heyman...12.43 bid price, a clear message to Nasdaq that its offer is too low.Heyman declined...
Dec 07 2006, By James Mackintosh, Financial Times
SETS trade rise fails to quell investor discomfort
...about the offer.They fear that unless Nasdaq is encouraged by the LSE to raise its...at £13.11.The LSE has firmly rebuffed Nasdaq's "final" offer, saying it so deeply undervalued...the bidder.Under Takeover Panel rules, Nasdaq can only improve its offer if the board...
Dec 07 2006, By Norma Cohen, FT.com site
Heyman raises LSE stake to 8.98%
...change's chief executive, on how to respond to Nasdaq's £2.7bn hostile offer.Heyman Investment...sidelines of the battle between the LSE and Nasdaq, both of which want its support.Heyman...12.43 bid price, a clear message to Nasdaq that its offer is too low.Heyman declined...
Dec 06 2006, By James Mackintosh, FT.com site
Nasdaq leads Wall Street dip
...Ensco International slid 5 per cent to $41.65.At the close, the S&P 500 was down 0.3 per cent or 4.53 points at 1,331.32. The Nasdaq Composite was down 0.9 per cent, or 20.83 points at 2,237.60. The Dow Jones Industrial Average was down 0.1 per cent or 8.72...
Oct 02 2006, By John O'Doherty in New York, FT.com site
Melco gets clearance for Nasdaq listing
...Melco International Development's proposed Nasdaq spin-off, allowing it to proceed with...Packer's Publishing and Broadcasting on the Nasdaq stock exchange – as it seeks funds for...also emphasised that Melco's intended Nasdaq vehicle would hold only a portion of its...
Oct 26 2006, By Tom Mitchell in Hong Kong, FT.com site
COMPANIES LSE: APPROACH FROM NASDAQ: Merging Nasdaq with the LSE makes real strategic sense and creates deep liquidity
A merger of Nasdaq with the London Stock Exchange would bring...approach - and of the LSE's rejection - Nasdaq's stock had gained more than 6 per cent...forward to discussing this offer with Nasdaq and to continued dialogue with LSE."Analysts...
Mar 11 2006, By John Authers in New York, Financial Times
Nasdaq in $4.1bn approach for LSE
Nasdaq on Friday fired the first shot in the long-awaiting consolidation...a substantially higher price than previous offers, the Nasdaq's move suggests that the LSE will be hard-pressed to maintain...is compelling. It was well received in New York, where Nasdaq's shares closed up 12.5 per cent at $44.43. The bid proposal...
Mar 10 2006, By Norma Cohen in London and John Authers in New York, FT.com site
Nasdaq shares surge on denial of LSE talks
Shares in the Nasdaq Stock Market surged as much as 12 per...talks with the London Stock Exchange.A Nasdaq official confirmed Robert Greifeld's remarks...the exchanges can be struck. The LSE and Nasdaq had held talks previously in 2000 about...
Jan 26 2006, By Norma Cohen in London, FT.com site
Nasdaq raises LSE stake to block rival
Nasdaq, the US-based stock exchange, on Wednesday increased its...target.Neither the NYSE nor the LSE said it had no comment. Nasdaq's stake is not large enough to block a rival bid but it...corporate reconstruction that is typical following a merger.Nasdaq yesterday purchased 13.8m shares in the LSE at 1248p from...
May 10 2006, By Norma Cohen in London, FT.com site
Nasdaq statement on LSE rejection
...proposal to LSE on the 9 March 2006. NASDAQ believes that its proposal would represent...date been proffered by other parties. NASDAQ is the world's leading electronic stock...market capitalisation of US$3.6 trillion. NASDAQ (ticker: NDAQ) is listed on its own market...
Mar 10 2006, FT.com site
Nasdaq must offer more, say LSE shareholders
...several LSE shareholders have said privately that Nasdaq, which has proposed £9.50 a share, must offer...they consider a deal. The LSE board has rejected Nasdaq's £2.4bn offer.Meanwhile, Nasdaq has made it clear that it will consider a higher...
Mar 15 2006, By Kate Burgess in London and John Authers in New York, FT.com site
Nasdaq seeks a way through regulation maze
When Nasdaq and the London Stock Exchange last discussed...group would be regulated.Four years on, Nasdaq executives believe they have found a way around this thorny issue.In recent months, Nasdaq has been in discussions with the Securities...
Mar 10 2006, By Peter Thal Larsen in London and Andrew Parker in New York, FT.com site
Nasdaq ahead of schedule on Inet link-up
Nasdaq expects to complete the integration of its trading platform...ahead of its original deadline.The announcement, which Nasdaq made on Thursday, came as the exchange was attempting to...friendly $4.2bn offer which was rebuffed two weeks ago. Nasdaq also said that its had cut its technology costs by more...
Mar 23 2006, By John Authers in New York, FT.com site
Nasdaq suffer blow as shares dive 7%
Nasdaq, the NYSE Group's biggest rival, suffered the sharpest...shares dropping more than 7 per cent in morning trading. Nasdaq has amassed a 25.1 per cent holding in the London Stock...most recent acquisition, represents almost 20 per cent of Nasdaq's own capitalisation. Under US accounting rules, a portion...
May 22 2006, By John Authers and Anuj Gangahar in New York, FT.com site
Nasdaq credit rating cut to junk
Standard & Poor's cut Nasdaq's credit rating to junk status on Tuesday...Stock Exchange.The rating agency lowered Nasdaq's counterparty credit and bank loan...level, to BBB-. The change will increase Nasdaq's borrowing costs as it pursues the...
May 16 2006, By Ben White in New York, FT.com site
Nasdaq deeper into debt for LSE bid
The Nasdaq stock exchange's acquisition last week...following criticism from ratings agencies.Nasdaq has declined to discuss how it financed...would bring the total long-term debt on Nasdaq's balance sheet to almost $2bn. This compares...
Apr 14 2006, By John Authers in New York, FT.com site
Nasdaq buys 14.9% stake in London Stock Exchange
The Nasdaq Stock Market said on Tuesday it had acquired 38.1m shares in the London Stock Exchange for a 14.99 per cent ownership stake.Nasdaq dropped a proposed 2.4 billion pound ($4.18 billion) offer for the LSE, Europe's largest stock market, on March 30.
Apr 11 2006, LONDON, April 11 (Reuters), FT.com site
COMPANIES INTERNATIONAL: Nasdaq set to buy Shareholder.com
The Nasdaq stock market is expected to announce today...Terms of the deal, which is not material to Nasdaq's finances, will not be disclosed. Shareholder...will become a wholly owned subsidiary of Nasdaq, was founded 12 years ago and has more...
Jan 10 2006, By John Authers, Financial Times
COMPANIES UK: Nasdaq to cast eye over LSE update
...are expected to be closely watched by Nasdaq, the US-based exchange that has tentatively...results for the year, expected in late April.Nasdaq is expected to be reviewing the statement...secondary offering of shares.However, if Nasdaq delays too long, it risks being undercut...
Mar 28 2006, By Norma Cohen, Financial Times
THE AMERICAS: Nasdaq ahead of schedule on Inet link-up
Nasdaq expects to complete the integration of its trading platform...its friendly $4.2bn offer that was rebuffed two weeks ago.Nasdaq also said it had cut its technology costs by more than...trend to continue over the next 18 months. Chris Concannon, Nasdaq's executive vice-president, also said that the time to...
Mar 24 2006, By John Authers in New York, Financial Times
January 19: Nasdaq named as LSE bidder
Nasdaq has held preliminary takeover talks with the London Stock...it has formally rejected Macquarie's 580p hostile bid. Nasdaq and the LSE have talked before, about four years ago. I...cash if they need it. It's worth bearing in mind that if Nasdaq moves, then the NYSE won't just stand by and watch. LSE...
Jan 19 2006, FT.com site
COMPANIES INTERNATIONAL: Nasdaq pays for LSE stake with debt
The Nasdaq stock market is financing last week's acquisition...credit facility from the Bank of America, Nasdaq revealed yesterday.The announcement confirms...uniquely by debt. The new facility replaces Nasdaq's syndicated loan from a group of banks...
Apr 18 2006, By John Authers in New York, Financial Times
COMPANIES UK: Nasdaq boss Greifeld to meet Furse
Bob Greifeld, chief executive of Nasdaq, the US-based stock exchange that has...and are not a prelude to a full bid by Nasdaq for the LSE.Mr Greifeld is not expected...board or any other measure that would make Nasdaq privy to inside information.Earlier this...
May 27 2006, By Norma Cohen, Financial Times
MARKETS WEEK: Nasdaq must act soon to clinch LSE
The Nasdaq stock exchange has the next move in its...first voiced on CNBC on Thursday, that Nasdaq, now the world's second largest stock exchange...yet reached the stage of talks between Nasdaq and the LSE, which is occupied with a hostile...
Jan 21 2006, By John Authers, Financial Times
COMPANIES UK: Nasdaq confirms it is not in bid talks with LSE
...slipped after the chief executive of the Nasdaq stock market said the company was not in bid talks with the LSE.A Nasdaq official confirmed his remarks, which...exchanges can be struck. The LSE and Nasdaq had held talks previously in 2000 about...
Jan 27 2006, By Norma Cohen, Financial Times
COMPANIES UK: Nasdaq move puts NYSE on back foot
...approach for the London Stock Exchange from Nasdaq.Analysts in New York regard it as a virtual...its competition for market share with Nasdaq, its main rival in the market for US cash...currently have a stake in the exchange.Nasdaq's offer, therefore, appears to have been...
Mar 13 2006, By John Authers in New York, Financial Times
LEX COLUMN: Nasdaq attack Global exchanges
...perspective once in a while. From that of Nasdaq investors, for example, the London Stock...to command Google-like multiples, with Nasdaq itself valued at about 65 times earnings...Both the New York Stock Exchange and Nasdaq are only starting to capture the benefits...
Mar 13 2006, Financial Times
Greifeld brings Nasdaq back to global stage
About six weeks into his tenure as Nasdaq chief executive, Robert Greifeld, a runner...international ventures.That was June 2003 and Nasdaq was reeling from a three-year bear market...attended business school, aims to restore Nasdaq's fortunes.Mr Greifeld, who wrote his...
Mar 10 2006, By Andrei Postelnicu in New York, FT.com site
COMPANIES INTERNATIONAL: Nasdaq cuts LSE debt with offering
The Nasdaq Stock Market yesterday raised a net $664...in the London Stock Exchange this month.Nasdaq sold 18,500,000 shares at $37.36 per share...yesterday at $37.42, up 6 cents for the day.Nasdaq's LSE stake, for which it paid $782m, was...
Apr 29 2006, By Anuj Gangahar in New York, Financial Times
COMPANIES EUROPE: Nasdaq's rating reduced to junk after LSE moves
Standard & Poor's yesterday cut Nasdaq's credit rating to junk status, citing...Exchange.The debt rating agency lowered Nasdaq's counterparty credit and bank loan rating...level, to BBB-. The change will increase Nasdaq's borrowing costs as it pursues the LSE...
May 17 2006, By Ben White in New York, Financial Times
FRONT PAGE - FIRST SECTION: Nasdaq increases LSE stake to 18.7%
Nasdaq, the US-based stock exchange, yesterday raised its stake in the London Stock Exchange to 18.7 per cent.The move strengthened...Euronext which confirmed that it was no longer in discussions with the London exchange about a possible offer for the company.Nasdaq is thought to have acquired the shares from Wellington Management at 1218p, setting a new floor for its offer should it...
May 04 2006, By Norma Cohen in London and John Authers in New York, Financial Times
COMPANIES LSE: APPROACH FROM NASDAQ: 35 YEARS FROM NEW YORK CONCEPTION TO AGGRESSIVE PREDATOR
*Nasdaq, founded in 1971 by the National Association...600 listed companies in 1996. Benchmark Nasdaq composite index peaked at 5,048 onMarch 10 2000 and last trades at about 2,263.*Nasdaq applied to regulators for exchange status...
Mar 11 2006, Financial Times
FRONT PAGE - FIRST SECTION: Nasdaq bids £2.4bn for LSE
...entered a new phase last night when US-based Nasdaq offered 950p a share in a move which observers...a sign it is amenable to further talks.Nasdaq said it believed it had devised a structure...Securities and Exchange Commission.However, Nasdaq has devised a holding company structure...
Mar 11 2006, By Norma Cohen, Financial Times
COMPANIES LSE: APPROACH FROM NASDAQ: 'NYSE will see their biggest competitor now has the only listings brand in Europe'
Yesterday's announcement that Nasdaq stock exchange had made its long-rumoured...Paris-based Euronext.The mere possibility that Nasdaq will snatch the prize only increases the...electronic communications network acquired by Nasdaq last year. "There is very big value for...
Mar 11 2006, By John Authers in New York, Financial Times
FRONT PAGE - FIRST SECTION: Nasdaq raises stake in LSE
Nasdaq, the US-based stock exchange, yesterday raised its stake...stock and derivatives exchanges is gathering pace at last.Nasdaq is thought to have acquired the shares from Wellington...priced as as soon as today, leaving the exchange free to bid.Nasdaq this year bought a14.9 per cent stake in the LSE, the maximum...
May 04 2006, By Norma Cohen in London and John Authers in New York, Financial Times
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