Nasdaq buys london stock exchange vs

The Nasdaq Stock Market may have officially dropped its bid for the London Stock Exchange , but its latest move suggests the story is far from over. Most of the shares came from Threadneedle Asset Management.

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Now, Threadneedle is all but out of the picture, with its stake cut to below 1 percent, the fund manager said. Nasdaq paid 1, pence per share for its stake, which is 24 percent above the per share it offered for the entire London Stock Exchange on March 9.

When it pulled the offer, Nasdaq reserved the right to bid again in the next six months should L.

Nasdaq Buys 15 Percent Stake in London Stock Exchange - The New York Times

Chris Noon of Forbes. While the endgame is still not clear, Nasdaq stands to win in at least two scenarios. In one, another bidder offers to buy the L. In the other, the Nasdaq uses its position as the largest shareholder to scare off rival suitors and acquire the exchange itself — albeit for a potentially higher price than it originally hoped.

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By Dealbook April 11, 3: