19.01.2007
LSE fends off Nasdaq bid
In another attempt to fend off the unfriendly takeover by US-exchange Nasdaq, the London Stock Exchange (LSE) announced yesterday that it would buy back as much as £250 million (or $493 million) in shares this year. LSE also released a document on Thursday which stated that Nasdaq's offer would only be the 20.7 times equivalent of LSE's prospected benefit for 2007. Nasdaq, however, projects a less optimistic revenue forcast for LSE as the exchange would suffer the impact from project 'Turquoise'. 'Turquoise' is the initiative of seven global investment banks to underbid LSE's trading fees by a minimum of 50 percent. LSE did not agree with this bleak forcast saying that 'Turquoise' has already been preceded by eight similar initiatives within the last seven years.
Source: Neue Zürcher Zeitung
Search
Categories
Archive
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- December 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
- December 2005
Last Entries
- SIX Telekurs wins Best Data Innovation Award 2011 from Systems in the City
- Xtrakter and SIX Telekurs agree to expand pricing data
- SIX Telekurs bolsters regional expertise in Tokyo office
- SIX Telekurs White Paper. Transparency in Evaluated Pricing.
- SIX Telekurs USA Names Cort Williams EVP, Sales & Business Development
- SIX Telekurs Offers Evaluated Pricing for Distressed Securities
- SIX Telekurs opens two computer centers at Equinix Inc. in Singapore.
- SIX Telekurs redefines its products and services categories.
- SIX Telekurs in partnership with TFG Systems.
- SIX Telekurs partners with Inforex S.A. to increase its market presence in Greece.