February 10, 2007
Nasdaq-LSE Merger Looks to be a No-Go
Nasdaq's year-long efforts to acquire the London Stock Exchange are likely to conclude with failure. LSE's shareholders have until 1 p.m. Saturday to tender their shares, and the LSE market price is above Nasdaq's bid. This leaves both exchanges at a competitive disadvantage in the face of the successful NYSE-Euronext merger. See WSJ, Exchanges' Next Steps Are Unclear.
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