Investing

Nasdaq (NDAQ): The Gang That Couldn't Shot Straight?

Nasdaq (NDAQ) did not have much success buying the London Stock Exchange, so it settled for picking up Nordic stock market group OMX. The price tag was about $3.7 billion.

But, according to the Telegraph, the The Dubai International Financial Centre is preparing a bid which is about 20%. OMX shares have been trading slightly above the NDAQ offer, perhaps in anticipation of a counter bid.

NDAQ shareholders have not been enthusiastic about the exchanges prospects. Until a recent run, the stock was up only a little over 10% over the last year, running behind shares in NYSE Euronext (NYX).

Another embarrassment is hardly what Nasdaq needs now.

Douglas A. McIntyre

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.