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Article: LSE tells Nasdaq to 'shut up or put up'MARKETPLACE by Bloomberg
- Article from:
- International Herald Tribune
- Article date:
- January 24, 2007
- Author:
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Edward Evans and Nandini Sukumar
International Herald Tribune
01-24-2007
The London Stock Exchange on Tuesday challenged the Nasdaq Stock Market to ''shut up or put up'' by raising its takeover offer as the bid's deadline neared.The London exchange is waiting for ''any indication from Nasdaq regarding an offer price that the board could recommend to shareholders,'' the LSE chairman, Chris Gibson-Smith, said in a statement. He made the comments after Nasdaq said that its offer of l12.43 a share was ''full and fair.'' LSE shares fell 10 pence Tuesday to close at l13.06, or $25.88The Nasdaq is running out of time to persuade shareholders to accept its offer, which expires on Friday, or to ...