Nasdaq Turns Hostile In LSE Bid
FRONT PAGE: NEWS ANALYSIS
NEW YORK—After exhausting friendly negotiation earlier this year, the Nasdaq Stock Market announced last week that it has entered into a hostile takeover of the London Stock Exchange (LSE).
Nasdaq has sent a report over 300 pages long to LSE shareholders detailing how and why they should relinquish their stakes in the LSE for £12.43 ($23.43) per share. Those shareholders have until 3 p.m. London time on Jan. 11 to accept the offer, though that deadline could be extended until Feb. 10, Nasdaq
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