Nasdaq rules out increased London Stock Exchange bid

Nasdaq today ruled out raising its hostile bid for the London Stock Exchange ahead of the New York exchange’s self-imposed deadline at midnight tomorrow.

Nasdaq rules out increased London Stock Exchange bid
Fri, 26 Jan, 2007 - 15:16

Nasdaq today ruled out raising its hostile bid for the London Stock Exchange ahead of the New York exchange’s self-imposed deadline at midnight tomorrow.

The US rival said there was now “insufficient time” for it to revise its 1243p a share offer, blaming the LSE’s refusal to enter into talks.

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CourtsBusinessHeathrowPlace: New YorkPlace: USPerson: Henk PottsPerson: PottsOrganisation: NasdaqOrganisation: London Stock ExchangeOrganisation: LSEOrganisation: London ExchangeOrganisation: Barclays
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