Friday, May 25, 2007

Nasdaq to buy Nordic bourse group OMX for $3.7 bln

(Reuters) - Nasdaq Stock Market has agreed to buy Nordic bourse owner OMX for $3.7 billion, the two companies announced on Friday, as Nasdaq sets its sights on expanding beyond the U.S. market and adds to a wave of stock market consolidation.

Nasdaq has been under pressure to get a deal done after the London Stock Exchange's rejection of its final bid in February and as rival exchanges consolidate.


Read more at Reuters Africa

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