New York, NY, United States (4E) – Nasdaq OMX plus buyout fast Carlyle Group entered early-stage discussions inside January regarding potential plans to leave the public markets, though talks fell aside over pricing.
Sources familiar with all the private meetings mentioned which the talks were initiated by Carlyle Chief Financial Officer Adena Friedman that left Nasdaq inside 2011 following functioning there because chief financial officer plus head of business approach.
The talks, that currently no longer happening, came following the $ 8.2bn purchase of its key rival NYSE Euronext.
Declining income from securities trading have produced exchange businesses battle to improve earnings. Data compiled by Bloomberg shows which these firms have been topic of over $ 50bn value of takeover bids because 2010.
IntercontinentalExchange Inc. agreed to purchase NYSE Euronext inside December when the Hong Kong Exchanges plus Clearing Ltd. has acquired the London Metal Exchange.
Nasdaq chief executive Robert Greifeld is looking to reorganize the company’s company units to minimize expenses due to shrinking profits from trading internationally. The exchange plans to expand into derivatives trading by setting up a hot marketplace based inside London plus acquiring a 25 % stake inside a Dutch alternative trading program for stocks plus equity derivatives.
Nasdaq invested $ 390m to buy Thomson Reuters’ trader plus public relations services device inside a latest deal. In 2008, it paid $ 3.7bn to get Scandinavian exchanges operator OMX.
Category: Financial And Business Service
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