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Alternative Market Briefing

Dawn raid: Nasdaq picks up 15% of LSE, LSE chief forced to talk after US raid, Other Voices: NASDAQ goes Global

Wednesday, April 12, 2006

Nasdaq picks up 15% of LSE From AP/CNN.com: The Nasdaq Stock Market Inc said it has acquired a stake of nearly 15 percent in the operator of the London Stock Exchange. The New York-based Nasdaq said in a statement Tuesday that it had acquired more than 35.4 million shares of the London Stock Exchange PLC from Threadneedle Asset Management Ltd and another nearly 2.7 million shares to take its holding to 38.1 million shares, or 14.99 percent, of the LSE's outstanding shares. Source

LSE chief forced to talk after US raid From the Telegraph: The chief executive of the London Stock Exchange, Clara Furse is to formally meet the chief executive of Nasdaq, Bob Greifeld after the North American technology exchange audaciously snapped up a 14.99pc stake in the British bourse in a spectacular afternoon "dawn raid". Ms Furse, who has managed to defend the LSE from four attacks in the past 16 months, is to arrange a meeting with Mr Greifeld, now her single largest shareholder, in a bid to establish Nasdaq's motives. It would be the first meeting for the two since Mr Greifeld faxed a tentative 950p-a-share approach on March 8. Full article: Source

Other Voices: NASDAQ goes Global as they acquire 15% of LSE By......................

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