What's up at the Nasdaq?
The Nasdaq's failure to nail a deal with the London Stock Exchange has weighed heavy on the minds of its shareholders. The exchange has apparently decided it's time to take action. It has retained JPMorgan Securities and UBS Investment Bank to help review alternatives for its 61.3 million LSE shares. Most assume that the shares will somehow be sold. The exchange hopes that such a move will unlock value in the Nasdaq's own stock price. Which might help it in its battle for OMX. And then there's the speculative view that the exchange is trying to get its balance sheet in order to make it more attractive to a buyer. We've heard that before. In this environment, if the right deal came along, it would have to be taken seriously.
For more:
- here's an AP update




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