Nasdaq Raises London Exchange Stake to 18.7 Percent

The fight is on:

Nasdaq Stock Market Inc. bought 119.2 million pounds ($219.4 million) of London Stock Exchange Plc shares, raising its stake to 18.7 percent and strengthening its hand against potential rival bidders.
Nasdaq, which settled for 15 percent of LSE last month after its takeover offer was rejected, bought 9.72 million shares for 1218 pence each, the New York-based company said in a statement today. The purchase makes Nasdaq’s holdings three times larger than the LSE’s second-biggest shareholder.

Posted by on May 3rd, 2006 at 1:41 pm


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