Increases stake to 18.7%
Shareholders to receive £510 million
Nasdaq share purchase price doesn’t reflect LSE’s growth prospects, board argues
Move comes two weeks after Nasdaq formally dropped its bid for the British exchange
The Nasdaq Stock Market Inc. has withdrawn its US$4.2 billion takeover offer for the London Stock Exchange, without giving an explanation.Back on March 10, Nasdaq announced that it had submitted an indicative offer proposal to the LSE. Today, Nasdaq announced that it no longer intends to make an offer for the exchange. However, in its […]
AIM guidelines designed to increase information available to investors
Calls unsolicited US$4.2 billion bid too low
Move to return £510 million to shareholders follows lapse of Macquarie offer
Says bid fails to recognize LSE’s value
The London Stock Exchange reports that 2005 was a record year for international listings.In 2005, the London Stock Exchange attracted a record 129 international companies, from 29 countries, to its Main Market and AIM – an increase of 82% from 2004. International companies raised a total of £5.9 billion ($12.11 billion) in new issues on […]