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NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) is a United States public company that owns and operates the NASDAQ stock market and seven European stock exchanges in the Nordic and Baltic regions under the OMX banner. It is headquartered in New York City, and its Chief Executive Officer is Robert Greifeld.
[edit] History[edit] Merger attempt with London Stock ExchangeIn December 2005, the London Stock Exchange Group (LSE) rejected a £1.6 billion takeover offer from Macquarie Bank. The LSE described the offer as "derisory." It then received a bid in March 2006 for £2.4 billion from NASDAQ, which was also rejected by the LSE. NASDAQ later pulled its bid, and less than two weeks later on April 11, 2006, struck a deal with LSE's largest shareholder, Ameriprise Financial's Threadneedle Asset Management unit, to acquire all of that firm's stake, consisting of 35.4 million shares, at £11.75 per share.[1] NASDAQ also purchased 2.69 million additional shares, resulting in a total stake of 15%. While the seller of those shares was undisclosed, it occurred simultaneously with a sale by Scottish Widows of 2.69 million shares.[2] The move was seen as an effort to force LSE to negotiate either a partnership or eventual merger, as well as to block other suitors such as NYSE Group, owner of the New York Stock Exchange.[3] Subsequent purchases increased NASDAQ's stake to 29%, holding off competing bids for several months. However only a further 0.4% of shareholders accepted the offer by the deadline and therefore the offer was rejected [4] on February 10, 2007. [edit] Philadelphia Exchange purchaseOn November 7, 2007, Nasdaq Stock Market, Inc. announced an agreement to purchase the Philadelphia Stock Exchange. [edit] OMX purchaseOn May 25, 2007 NASDAQ agreed to buy the Swedish-Finnish financial company that controls 7 Nordic and Baltic stock exchanges OMX for USD 3.7 billion to form NASDAQ OMX Group.[5] As of February 27, 2008, the deal was completed. [edit] Additional Services[edit] DirectorsDesk.comOn June 29, 2007, NASDAQ entered into an agreement to acquire DirectorsDesk.com a management suite for Boards of Directors.[6] [edit]Since 1992, Shareholder.com, a NASDAQ OMX company has helped facilitate communication and increase transparency among listed companies, their shareholders and the investment community. The company has a comprehensive suite of shareholder communications, corporate governance solutions and competitive and investor intelligence solutions that help its clients raise shareholder value and optimize their Investor Relations strategies and build shareholder value. [edit] Carpenter MooreCarpenter Moore provides directorship insurance for corporate executives. [edit] GlobeNewswireGlobeNewswire (previously PrimeNewswire) provides press release, editing and wire services [edit] Market Data Group[edit] References
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