Securities Law Prof Blog

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

Tuesday, November 6, 2007

Nasdaq Expected to Purchase Philadelphia Exchange

Nasdaq is expected to purchase the Philadelphia Stock Exchange, the oldest U.S. exchange, for over $600 million in cash, a deal it has been negotiating off and on for several months.  The deal would allow Nasdaq to expand into the stock options business, of which the Philadelphia Exchange has about a 14% market share.  WSJ, Nasdaq Close to Buying Phil-Ex.

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