London Stock Exchange Rejects Nasdaq’s Offer
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Nasdaq Stock Market Inc.’s bid for London Stock Exchange Plc failed for the second time in almost a year as the majority of shareholders in the British company spurned the $5.3 billion offer. Shareholders controlling 0.41% of LSE agreed to sell their stock to Nasdaq, which would give Nasdaq a 29.16% stake in the LSE, shy of the 50% needed to take control of Europe’s largest equity market.
