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Article: NASDAQ, NYSE merger in talks.
- Article from:
- United Press International
- Article date:
- December 23, 2003
CopyrightCOPYRIGHT 2003 United Press International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Dec 23, 2003 (United Press International via COMTEX)
The Nasdaq exchange has approached the New York Stock Exchange to discuss a possible merger, the Wall Street Journal reported Tuesday.
The market for technology companies and their investors, Nasdaq was devastated by the burst of the Internet bubble nearly four years ago, a blow from which it hasn't fully recovered, the newspaper said.
Nasdaq's first approach to the NYSE was made about three weeks ago by Chief Executive Officer Robert Greifeld, and came as the 32-year-old electronic market is losing market share to alternative trading sites and listing stocks decline. ...