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Nasdaq $5.3bn LSE bid
- Wednesday, December 13 - 2006 at 07:48
Nasdaq, the largest US electronic stock exchange, has made a $5.3bn hostile bid for the London Stock Exchange, Reuters reported. A take-up by just over one-fifth of LSE shareholders will give Nasdaq control over the exchange. The direct bid of 1,243 pence per share follows two unsuccessful offers in the past nine months to Europe's biggest bourse.
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James McInerney, News EditorWednesday, December 13 - 2006 at 07:48 UAE local time (GMT+4)
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