NASDAQ STOCK MARKET
Introduction:
The real owner of the NASDAQ is the NASDAQ Stock Market, Inc that is controlled and owned by an American public company. The Chief Executive Officer of the market is Robert Greifeld and its headquarters is located in the New York City. The Swedish stock exchange OMX was acquired by the NASDQ Stock Market for $ 3.7 billion for the formation of NASDAQ OMX Group on 25th of May. The NASDAQ Stock Market, Inc was also included in the list of possible buyers for The Philadelphia Stock Exchange since April 11, 2007. To provide the Boards of Directors, an organization suite the NASDAQ on June 29, 2007 stepped into a deal to attain an additional service, the DirectorsDesk.com.
Merger Attempt with London Stock Exchange:
After the rejection of the offer from Macquarie Bank, the offer is considered as an insult by the London Stock Exchange. The NASDAQ came in charge thereafter with a bid of 2.4 billion pounds, which was again discarded by the London Stock Exchange, in March 2006. But later on, in less than two weeks on April 11, 2006, the NASDAQ punched a deal with the Ameriprise Financial’s Threadneedle Asset Management unit, which is considered as a largest shareholder of the LSE. The NASDAQ also acquired a total bet of 15% with the purchase of 2.69 million supplementary shares. The step was taken for an attempt to push the LSE to discuss for an ultimate merger or a partnership with the NASDAQ Stock Market, Inc and to obstruct suitors like the NYSE (New York Stock Exchange) as well. |
