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Reply #6: I wonder if this has anything... [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-04-08 02:27 PM
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6. I wonder if this has anything...
to do with his optimism...

http://feeds.bignewsnetwork.com/?sid=314398
Dubai/Decks are now clear for Dubai's state-owned stock exchange Borse Dubai Ltd (BDL) to acquire a stake in US equities exchange Nasdaq. In a related move, Nasdaq and BDL will take over the OMX group, which operates stock exchanges in Nordic and Baltic nations, thus linking markets in the US, Europe and the Gulf.
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The board of Nordic and Baltic stock exchanges operator, the Stockholm-based OMX group, Wednesday recommended 'unanimously' a takeover bid from BDL and Nasdaq, the DPA news agency reported.
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BDL will get Nasdaq's stake in the London Stock Exchange Group and a 19.9 percent stake in the US exchange, although its voting stake will be limited to five percent, WAM news agency reported Wednesday.

The move will also allow Nasdaq to proceed with its plan to merge with OMX group. After that deal closes, Nasdaq will be known as Nasdaq OMX Group Inc.
:shrug:
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