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This excerpt taken from the NDAQ 8-K filed Jan 27, 2006. a) Bridge
On March 31, 2005, the Company acquired Bridge, an agency execution broker, from Reuters for 3,752 shares of the Company’s common stock, valued at approximately $21,500. The Company’s financial statements and the accompanying notes reflect the results of operations as if Bridge had been a wholly-owned subsidiary of the Company since it was acquired by Reuters in September 2001. This acquisition was accounted for as a transfer of entities under common control.
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Instinet Group Incorporated Notes to Consolidated Financial Statements (In thousands, except per share amounts)
A summary of the results of operations and stockholders’ equity of the previously separate companies for the period before the combination was consummated that are included in the current combined net income and stockholders’ equity is as follows:
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