Tuesday, April 11, 2006

Scotsman.com Business - Nasdaq increases LSE stake to 15%

Wow, talk about a toe hold!

Scotsman.com Business - Nasdaq increases LSE stake to 15%:
"THE London Stock Exchange was thrown dramatically back into takeover play late yesterday when its largest institutional shareholder, Threadneedle Investments, sold its entire 12 per cent stake to the Nasdaq stock market.

With other purchases, the US stock market confirmed last night that it had spent £448 million for 14.99 per cent of the London exchange, Europe's largest stock market.

It comes less than two weeks after Nasdaq announced it had withdrawn its £2.43 billion takeover approach for the LSE after being rebuffed by the target's management...."

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