The Nasdaq Stock Market (NASDAQ) said yesterday that it had raised its stake in the London Stock Exchange (LSE). The American stock exchange acquired 10,291,440 shares at a price of 1,248 pence per share, which amounts to GBP 128.4 million (c. US$ 239.3 million). In addition to the 47,890,280 shares already owned, this takes NASDAQs holding in LSE to 58,181,720 shares or c. 22.7% of the issued share capital of LSE. “We are pleased to have increased our strategic stake in LSE through this significant purchase, which takes us through the important threshold of 20%,” says Bob Greifeld, President and Chief Executive Officer of NASDAQ. “We look forward to working constructively with LSE as its largest shareholder.”
NASDAQ Raises Its Stake In London Stock Exchange To 22.7%
The Nasdaq Stock Market (NASDAQ) said yesterday that it had raised its stake in the London Stock Exchange (LSE). The American stock exchange acquired 10,291,440 shares at a price of 1,248 pence per share, which amounts to GBP 128.4 million
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