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Wednesday, April 12, 2006

Nasdaq snaps up 15% stake in London Stock Exchange

Nasdaq snaps up 15% stake in London Stock Exchange

The Nasdaq Stock Market took a 15% stake in the London Stock Exchange, sparking speculation that Nasdaq will again try to acquire the bourse that rejected a merger offer less than two weeks ago. Nasdaq paid about $780 million for the shares, most of which were sold by Threadneedle Asset Management.

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