Nasdaq buys a stake in the London Stock Exchange

Friday, June 19, 2009
By Faisal Laljee

Nasdaq purchased shares of LSE worth $780 million, a 15% ownership, creating the second largest global stock exchange behind only the NYSE and ahead of the Tokyo Stock Exchange. The purchase gives Nasdaq potential access to the European markets. I reiterate my buy on Nasdaq at around the $40 mark.

- Faisal Laljee

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