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EspañolTHE NASDAQ STOCK MARKET
(Redirected from The Nasdaq Stock Market)
'The NASDAQ Stock Market, Inc.' () is an American public company that owns and operates the NASDAQ stock market. It is headquartered in New York City, and its Chief Executive Officer is Robert Greifeld.
In December of 2005, the London Stock Exchange (LSE) rejected a £1.6 billion takeover offer from Macquarie Bank. The LSE described the offer as "derisory." It then received a bid in March of 2006 for £2.4 billion from NASDAQ, which was also rejected by the LSE. NASDAQ later pulled its bid, and less than two weeks later on April 11, 2006, struck a deal with LSE's largest shareholder, Ameriprise Financial's Threadneedle Asset Management unit, to acquire all of that firm's stake, consisting of 35.4 million shares, at £11.75 per share.[2] NASDAQ also purchased 2.69 million additional shares, resulting in a total stake of 15%. While the seller of those shares was undisclosed, it occurred simultaneously with a sale by Scottish Widows of 2.69 million shares.[3] The move was seen as an effort to force LSE to negotiate either a partnership or eventual merger, as well as to block other suitors such as NYSE Group, owner of the New York Stock Exchange.[4]
Subsequent purchases increased NASDAQ's stake to 29%, holding off competing bids for several months. However only a further 0.4% of shareholders accepted the offer by the deadline and therefore the offer was rejected [5] on February 10 2007.
As of April 11th, 2007, The Philadelphia Stock Exchange is in talks with possible buyers, include Nasdaq Stock Market, Inc. (NDAQ)[6]
On May 25th, NDAQ agreed to buy the Swedish stock exchange OMX for $3.7 billion dollars to form NASDAQ OMX Group. [7]
On June 29, 2007 NASDAQ entered into an agreement to acquire DirectorsDesk.com a management suite for Boards of Directors.[8]
1. FACTSHEET 2007
2. Nasdaq Acquires 15% of LSE M. Patrick
3. Scottish Widows says has sold 2.7 mln LSE shares at 1,175 pence
4. Nasdaq Buys 15 Percent Stake in LSE for 2 Million E. Ortega
5. LSE woos Tokyo after US bid fails
6. Phila. Exchange looks at buyers, including Nasdaq
7. Nasdaq to buy Nordic bourse group OMX for .7 bln
8. Nasdaq to acquire Directors Desk, a Technology Company for Corporate Boards
★ Company's Investor Relations Site
'The NASDAQ Stock Market, Inc.' () is an American public company that owns and operates the NASDAQ stock market. It is headquartered in New York City, and its Chief Executive Officer is Robert Greifeld.
| Contents |
| Merger attempt with London Stock Exchange |
| Philadelphia Exchange Talks |
| NDAQ buys Swedish stock exchange OMX |
| Aditional Services |
| DirectorsDesk.com |
| References |
| External Links |
Merger attempt with London Stock Exchange
In December of 2005, the London Stock Exchange (LSE) rejected a £1.6 billion takeover offer from Macquarie Bank. The LSE described the offer as "derisory." It then received a bid in March of 2006 for £2.4 billion from NASDAQ, which was also rejected by the LSE. NASDAQ later pulled its bid, and less than two weeks later on April 11, 2006, struck a deal with LSE's largest shareholder, Ameriprise Financial's Threadneedle Asset Management unit, to acquire all of that firm's stake, consisting of 35.4 million shares, at £11.75 per share.[2] NASDAQ also purchased 2.69 million additional shares, resulting in a total stake of 15%. While the seller of those shares was undisclosed, it occurred simultaneously with a sale by Scottish Widows of 2.69 million shares.[3] The move was seen as an effort to force LSE to negotiate either a partnership or eventual merger, as well as to block other suitors such as NYSE Group, owner of the New York Stock Exchange.[4]
Subsequent purchases increased NASDAQ's stake to 29%, holding off competing bids for several months. However only a further 0.4% of shareholders accepted the offer by the deadline and therefore the offer was rejected [5] on February 10 2007.
Philadelphia Exchange Talks
As of April 11th, 2007, The Philadelphia Stock Exchange is in talks with possible buyers, include Nasdaq Stock Market, Inc. (NDAQ)[6]
NDAQ buys Swedish stock exchange OMX
On May 25th, NDAQ agreed to buy the Swedish stock exchange OMX for $3.7 billion dollars to form NASDAQ OMX Group. [7]
Aditional Services
DirectorsDesk.com
On June 29, 2007 NASDAQ entered into an agreement to acquire DirectorsDesk.com a management suite for Boards of Directors.[8]
References
1. FACTSHEET 2007
2. Nasdaq Acquires 15% of LSE M. Patrick
3. Scottish Widows says has sold 2.7 mln LSE shares at 1,175 pence
4. Nasdaq Buys 15 Percent Stake in LSE for 2 Million E. Ortega
5. LSE woos Tokyo after US bid fails
6. Phila. Exchange looks at buyers, including Nasdaq
7. Nasdaq to buy Nordic bourse group OMX for .7 bln
8. Nasdaq to acquire Directors Desk, a Technology Company for Corporate Boards
External Links
★ Company's Investor Relations Site
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