Stock exchange urges rejection of NASDAQ bid

The London Stock Exchange (LSE) today branded Nasdaq’s £2.7bn (€4bn) takeover bid as “wholly inadequate” as it urged shareholders to reject the offer.

Stock exchange urges rejection of NASDAQ bid
Tue, 19 Dec, 2006 - 07:57

The London Stock Exchange (LSE) today branded Nasdaq’s £2.7bn (€4bn) takeover bid as “wholly inadequate” as it urged shareholders to reject the offer.

The New York bourse has given LSE shareholders until January 11 to accept the 1243p-a-share offer after it was turned down by the LSE board last month.

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