This excerpt taken from the NDAQ 10-Q filed Nov 8, 2005.
Acquisition of Carpenter Moore
On September 30, 2005, Nasdaq funded $27.5 million for the acquisition of Carpenter Moore Insurance Services, Inc. (Carpenter Moore), a privately held, San Francisco-based insurance brokerage firm specializing in management liability. On October 1, 2005, Nasdaq completed the acquisition of Carpenter Moore. The addition of Carpenter Moore will increase Nasdaqs depth of brokerage expertise in directors and officers, errors and omissions and other management liability insurance products. It will also significantly expand regional coverage by Nasdaqs insurance business through Carpenter Moores unique co-brokerage distribution model. Nasdaqs acquisition encompasses four of Carpenter Moores geographic locations, including California, Texas, Minnesota and Massachusetts. Beginning October 1, 2005, Nasdaq will consolidate Carpenter Moores financial position and results of operations in Nasdaqs consolidated financial statements.