The Nasdaq Stock Market Inc. said that it plans to proceed with its offer for the London Stock Exchange plc, despite being rebuffed by the LSE’s board.

In a statement, the Nasdaq notes the announcement made by the LSE in response to the announcement of the U.S. exchange’s ‘final offers’. “Nasdaq is disappointed that LSE has rejected Nasdaq’s request for a meeting to discuss the final offers,” it says.

“As stated in the offer announcement, Nasdaq appreciates LSE’s strong standalone growth prospects as shown in LSE’s recent interim results. Nasdaq believes that this potential is fully reflected in the final offers at 1,243 pence,” it adds.

Nasdaq says that it will proceed with its final offers to LSE shareholders at £1.243 per LSE Ordinary Share.

Commenting on the rejection, Nasdaq president and CEO Robert Greifeld said, “We are disappointed by the quick rejection of our proposal and the LSE board’s refusal to meet with Nasdaq.”

Nasdaq notes that its final offers will not be revised unless the LSE gets a competing bid, or the LSE board gets it to raise the price.