News- Nasdaq cries foul - insists that its hostile

London, 24th January 2007: U.S. stock market group Nasdaq criticised the London Stock Exchange (LSE) for their refusal to discuss the possibility of an agreed takeover of the LSE.

A spokesperson for the U.S. group issued a statement saying: "We are surprised that the LSE board has to this day completely failed to engage with Nasdaq with respect to a recommended transaction. In fact, the only meeting that has taken place was a meeting with Nasdaq as a shareholder, rather than as a potential bidder, in May 2006."


With increasing pressure from consumers for globalised services and fee cuts, alliance and consolidation has become the byword among the stock exchange centres of the world. More and more banks are gearing up to create a pan-European equity-trading platform. The British company has long been the subject of speculation of possible takeover, due to its comparatively small market capitalisation as against its rivals. But a recent turnover has resulted in the company rejecting many lucrative takeover offers.

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