Thursday, March 30, 2006

NASDAQ backing out of LSE bid

The NASDAQ announced that it will be backing out of its bid to buy the London Stock Exchange for $2.4 billion pounds. "But the second-biggest U.S. stock exchange operator left the door open to a tie-up in future, saying it might make an offer under certain circumstances, such as if the London Stock Exchange (LSE) agreed to a deal or a rival bidder emerged."

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