Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Saturday, 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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