I have mentioned the London Stock Exchange, as a possible stock investment, several times. The Nasdaq has made a £9.50 bid for the LSE. This tops the old £5.80 bid from Macquarie.
The timing of this is amazing, meaning all the excitement NYX has created this week. If there was any doubt before, now it should be clear that the Nasdaq and NYX are big rivals and we will see more movement in this area in the future.
I am a big believer in the LSE and, while I was dumb to not buy when I first stumbled across the idea, my frst reaction is to want to buy Nasdaq if they can make the deal happen. It certainly looks like the market likes the idea.
Wikinvest Wire
4 comments:
What are the symbols for the LSE and the Nasdaq? Are they both public companies?
lndxf and ndaq
I've always felt that these two exchanges should merge. I see the NYSE as a relic that doesn't want to innovate and catch up with the times. Nasdaq is showing that it will embrace growth and competition. This, I feel is a great opportunity to own a great merged company.
has NYX taken on some Nasdaq-like qualities with arca? clearly arca is smaller but I think the technology competes?
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