Saturday, April 15, 2006

NYSE possibly in talks with LSE

Reuters had an article stating that the NYSE may be in talks with the London Stock Exchange regarding an acquisition. This comes on the heels of a filing in which the NYSE stated that it is involved in discussions with another exchange regarding a deal. A deal with the LSE may be difficult given that the NASDAQ recently announced that it owns 15% of the LSE. This 15% stake, which the Nasdaq purchased from Threadneedle Asset Management, makes NDAQ the largest shareholder in the LSE. Given that the Nasdaq and NYSE are chief rivals, it makes you wonder how easy a deal between the NYSE and LSE would be.


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