Further Acquisition of Shares in London Stock Exchange plc.NEW YORK, May 10 /PRNewswire-FirstCall/ -- Following on the earlier announcement The Nasdaq Stock Market Nasdaq stock market
The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. , Inc. ("NASDAQ") announces that it has acquired a further 3,500,000 shares in London Stock Exchange London Stock Exchange
London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. plc ("LSE LSE - Language Sensitive Editor ") for a price of 1,248 pence per share. The consideration represents approximately GBP 43.7 million (c. US$ 81.4 million).
In addition to the 58,181,720 shares previously purchased, this acquisition takes NASDAQ's holding in LSE to 61,681,720 shares or c. 24.1% of the issued share capital of LSE.
Greenhill & Co. International LLP ("Greenhill & Co."), which is regulated by the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. , is acting for NASDAQ in connection the transaction and for no one else and will not be responsible to anyone other than NASDAQ for providing the protections afforded to customers of Greenhill & Co. nor for providing advice in relation to the transaction.
Dresdner Kleinwort Wasserstein Securities Limited, which is authorized and regulated by the Financial Services Authority, is acting in the capacity of corporate broker for NASDAQ in connection the transaction and for no one else and will not be responsible to anyone other than NASDAQ for providing the protections afforded to customers of Dresdner Kleinwort Wasserstein Securities Limited nor for providing advice in relation to the transaction.
CONTACT: Enquiries, NASDAQ corporate communications, Bethany Sherman, Tel: +1(212)401-8714, Gavin Anderson & Company, Richard Constant, Tel: +44(0)20-7554-1403/1405, Greenhill & Co. International LLP (Financial adviser to NASDAQ), Simon Borrows, Tel: +44(0)20-7440-0400, Dresdner Kleinwort Wasserstein Securities Limited (Broker to NASDAQ), Angus Kerr, Tel: +44(0)20-7623-8000