Copenhagen Stock Exchange, OMX to Merge
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The Copenhagen Stock Exchange said Monday it had signed a letter of intent with Nordic bourse operator OMX to merge its operations, bringing the concept of an integrated pan-Nordic and Baltic securities market ...
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Nordic stock exchange operator OMX AB said Friday it has entered into a deal to merge with Nasdaq Stock Market Inc.
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STOCKHOLM/LONDON  - Nasdaq  and Borse Dubai joined forces on Thursday with a deal to buy Nordic markets operator OMX  and create "a global financial marketplace" which will see Borse Dubai taking key stakes in London Stock Exchange  and Nasdaq.
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Borse Dubai won agreement from Sweden's Investor AB  and other shareholders in OMX  to sell their stakes, a person familiar with the matter said on Wednesday, securing control of more than 45 percent of the Nordic exchange operator.
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STOCKHOLM, Sweden -- Nasdaq Stock Market Inc. and Borse Dubai have reached a deal under which Nasdaq will take over Nordic bourse operator OMX AB, while Borse Dubai acquires just under 20 percent of Nasdaq and 28 percent of the London stock exchange.
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The all-electronic US stock exchange Nasdaq is to buy OMX, which operates seven Nordic and Baltic exchanges, in an agreed takeover operation, OMX said in Stockholm on Friday.
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Shareholders of Chicago Mercantile  Exchange Holdings Inc.  and CBOT Holdings Inc.   on Monday voted convincingly to merge the two giant futures  exchanges under one roof.
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Nasdaq Stock Market obtained clearance to sell a stake to Borse Dubai, paving the way for Nasdaqâs eventual acquisition of the OMX exchange in Stockholm.
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The New York Stock Exchange and the Tokyo Stock Exchange announced a partnership yesterday to develop trading technology and financial products in what could be the first step toward a merger of the world's two biggest equities markets.
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(InfoWorld) - The Nasdaq Stock Market's efforts to buy the London Stock Exchange PLC is another milestone in globalization, and touches the world of IT. As exchanges merge and increase the fluidity of funds globally, a new world of competitive options open. The Nasdaq's latest bid, launched Nov. 20, to buy the part of the LSE it doesn't already own for Â£2.7 billion ($5.1 billion) is poignant in its historic and political overtones. The Nasdaq tapped technology to match buyers and sellers -- starting with simple bulletin boards -- and helped revolutionize trading over the last 20 years. As world class IT companies like Microsoft and Oracle went public on the Nasdaq, the exchange rode the computerization of modern life to great success. Most exchanges have adopted some form of electronic trading, including Nasdaq archrival the New York Stock Exchange (NYSE Group Inc.) and the LSE itself. Exchanges have unique advantages and retain distinct personalities, however. Linux vendor Red Hat Inc., for example, will move from the Nasdaq to the NYSE Tuesday. "The New York Stock Exchange has much stronger global recognition, and we're looking for a global branding image," said Linda Brewton, Red Hat manager of investor relations. She also noted that even though the NYSE has adopted electronic trading, trading is still done under live market specialists and that this reduces share-price volatility. The LSE, which traces its history back some 300 years, has rejected Nasdaq's bid, claiming it undervalues the exchange. The mercurial mayor of London, Ken Livingstone, is also on the case. Last week he asked the U.K.'s Office of Fair Trading to investigate, claiming that the acquisition would eliminate competition to U.S. markets for international company listings. Livingstone also echoed the concerns of many Europeans, that as U.S. exchanges merge with European markets, tighter U.S. regulations would hamper Europe's growing market competitiveness. This last issue has also caused bumps in the NYSE's deal to merge with the Euronext NV exchange. Nasdaq, having already bought about 29 percent of the LSE earlier this year, is appealing to shareholders. Nasdaq Chief Executive Officer Robert Greifield apparently believes the exchange needs the merger to compete. The merging of exchanges and the broader, growing numbers of mergers and acquisitions that IT companies are involved in are part of the same phenomenon, according to according to Eric Gebaide, managing director of Innovation Advisors, a New York investment firm. "It's a manifestation of the globalization of financial markets," Gebaide said. "That in turn is a precursor of the globalization of technology." When companies in Europe and Asia enjoy the same sort of availability of capital U.S. companies have, it can lead to greater competition for U.S. companies. However, U.S. companies can also take advantage of the new era of capital. For example, U.S. companies looking to efficiently use capital now have access to alternative local financing for offshore ventures, Gebaide notes. In the new global market, companies can even go public with offshore ventures, he suggests. The Nasdaq bid will probably play out into 2007. The offer to shareholders can be extended to 60 days, and the Nasdaq can still buy LSE shares on the open market. But no matter how it ends, the internationalization of capital markets will continue to have a profound impact.
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The two main U.S. satellite radio  providers, Sirius Satellite Radio and XM Satellite Radio on  Monday said they would merge in a stock-for-stock deal, a move  that has been long expected in the young industry.
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A merger of the Deutsche BÃ¶rse and London Stock Exchange would combine the cash equities businesses of both in a single unit to be managed out of London
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The New York Stock Exchange and NASD announced plans to merge their regulatory organizations and eliminate duplicative and inconsistent rules.
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Nasdaq  may sell its stake in  the London Stock Exchange  to Borse Dubai and make a  joint bid with the Gulf exchange for Nordic exchange owner OMX  , The Daily Telegraph said on Monday.
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Nasdaq  and Borse  Dubai joined forces on Thursday with a deal to buy Nordic  markets operator OMX  and create &quot;a global financial  marketplace&quot; which will see Borse Dubai taking key stakes in  London Stock Exchange  and Nasdaq.
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The $3.7 billion deal will form the Nasdaq OMX Group which will list more than 4,000 companies with a combined market value of $5.5 trillion.
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OMX  said on Wednesday its board had unanimously recommended a takeover bid by Borse Dubai, which had teamed up with U.S. firm Nasdaq  to purchase the Nordic and Baltic exchange owner.