Banking, finance, and taxes
Does NYSE Want To Own The London Stock Exchange?
Published:
Reuters reports that NYSE Euronext (NYX) might want to buy the Nasdaq (NDAQ) 31% ownership in The London Stock Exchange. It would be a humiliation for Nasdaq since its rival was able to land an exchange in Europe by picking up Euronext, but NDAQ was rebuffed in London. But, no matter, because NDAQ wants to take the $1.6 billion that it thinks it can get from its LSE stake and use it to buy the Nordic OMX.
There are, of course, other potential buyers. Interest in Australia, Germany, and Singapore are mentioned as suitors. But, if NYX can get a large stake in LSE it could become the dominant North American/European Exchange with huge portion of the world’s largest companies among its listings.
That may be worth the investment.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
