Acquisition of Shares In London Stock Exchange plc
NEW YORK, May 10, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The Nasdaq Stock Market, Inc. (OTC: NDAQ) ("NASDAQ") announces that it has acquired 10,291,440 shares in London Stock Exchange plc ("LSE") for a price of 1,248 pence per share. The consideration represents approximately GBP 128.4 million (c. US$ 239.3 million).
In addition to the 47,890,280 shares previously owned, this acquisition takes NASDAQ's holding in LSE to 58,181,720 shares or c. 22.7% of the issued share capital of LSE.
"We are pleased to have increased our strategic stake in LSE through this significant purchase, which takes us through the important threshold of 20%. We look forward to working constructively with LSE as its largest shareholder", commented Bob Greifeld, President and Chief Executive Officer of NASDAQ.
Greenhill & Co. International LLP ("Greenhill & Co."), which is regulated by the Financial Services Authority, 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.
SOURCE NASDAQ
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) Tel: +44(0)20-7440-0400, Simon Borrows, Dresdner Kleinwort Wasserstein Securities Limited (Broker to NASDAQ), Tel: +44(0)20-7623-8000http://www.prnewswire.com
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