|
|
Article: Nasdaq must pay more to seize LSE Nasdaq must pay more to seize LSE.
- Article from:
- The Mail on Sunday (London, England)
- Article date:
- January 21, 2007
CopyrightCOPYRIGHT 2007 Solo Syndication Limited. 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)
|
Byline: TOM MCGHIE
NASDAQ must raise its offer for the London Stock Exchange this week if it is to have any chance of winning the bitter takeover contest.
LSE shares ended the week at a high of 1345p a share - 102p above Nasdaq's offer, which it has said is final.
Heavy buying in LSE shares shows that investors think Nasdaq boss Bob Greifeld will be forced to pay between 1350p and 1400p a share if he is to acquire the market.
Under Takeover Panel rules, any new offer from Nasdaq would have to be approved by the LSE board, led by Clara Furse.
Nasdaq has said that any deal would have to be concluded by Friday and only a ...