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Market Update : 
Nasdaq, OMX, and Dubai in a 3-way Deal
Author: 123jump.com Staff
123jump.com
Last Update: 11:13 AM EDT September 20 2007


Nasdaq Stock Market Inc, Borse Dubai, and OMX of Sweden have entered in a three way deal that can global impact in the world of financial infrastructure. The three way deal sells Nasddaq 28% stake in London Stock Exchange to Borse Dubai. Dubai will acquire OMX and sell its stake to Nasdaq and acquire 19.9% stake in the U.S. based exchange. The complex deal, though agreed, requires approval from the U.S. authority. Qatar, rival bidder for OMX is still considering to offer higher price for OMX.

 

 

 

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