Nasdaq, Inc.


In December 2005, the London Stock Exchange Group (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 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 Euronext, owner of the New York Stock Exchange.[4]

Bank Name Nasdaq, Inc.
Stock Exchange NASDAQ
Symbol NDAQ
Sector Financial Services
Industry Investment Bankers/Brokers/Service
Country United States
World Region Amarica
Chairman
CEO Ms. Adena T. Friedman
Employees 4758
Website www.business.nasdaq.com
Registered Year 1971

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