NDAQ » Topics » Proposed Acquisition of Boston Stock Exchange

This excerpt taken from the NDAQ 10-Q filed Aug 8, 2008.

Proposed Acquisition of The Boston Stock Exchange

On October 1, 2007, we entered into a definitive agreement to acquire The Boston Stock Exchange, or BSX, for $61.0 million in cash. The BSX acquisition will provide us with an additional license for trading both equities and options and a clearing license. After the close of the BSX acquisition, we expect that BSX’s current operations will be discontinued and will not be integrated into our current operations. We expect the acquisition of the BSX to close in the third quarter of 2008.

This excerpt taken from the NDAQ 10-Q filed May 9, 2008.

Proposed Acquisition of the Boston Stock Exchange

On October 1, 2007, we entered into a definitive agreement to acquire the Boston Stock Exchange, or BSX, for $61.0 million in cash. The BSX acquisition will provide us with an additional license for trading both equities and options and a clearing license. After the close of the BSX acquisition, we expect that BSX’s current operations will be discontinued and will not be integrated into our current operations. We expect the acquisition of the BSX to close in the second quarter of 2008.

These excerpts taken from the NDAQ 10-K filed Feb 25, 2008.

Proposed Acquisition of the Boston Stock Exchange

 

On October 1, 2007, we entered into a definitive agreement to acquire the BSX for $61.0 million in cash. The BSX acquisition will provide us with an additional license for trading both equities and options and a clearing license. After the close of the BSX acquisition, we expect that BSX’s current operations will be discontinued and will not be integrated into our current operations. We expect the acquisition of the BSX to close in the first half of 2008.

 

Proposed Acquisition of the Boston Stock Exchange

STYLE="margin-top:0px;margin-bottom:-6px"> 

On October 1, 2007, we entered into a definitive agreement to acquire
the BSX for $61.0 million in cash. The BSX acquisition will provide us with an additional license for trading both equities and options and a clearing license. After the close of the BSX acquisition, we expect that BSX’s current operations will
be discontinued and will not be integrated into our current operations. We expect the acquisition of the BSX to close in the first half of 2008.

 

STYLE="margin-top:0px;margin-bottom:0px">Proposed Acquisition of the Philadelphia Stock Exchange

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">On November 7, 2007, we entered into a definitive agreement to acquire the PHLX for $652.0 million in cash, subject to customary closing conditions
and regulatory approvals. The acquisition of the PHLX, the third largest options market in the U.S., will significantly diversify our product portfolio by providing us with a premier options trading platform in the U.S. We expect the acquisition of
the PHLX to close in the first half of 2008.

 

This excerpt taken from the NDAQ 10-Q filed Nov 9, 2007.

Proposed Acquisition of Boston Stock Exchange

On October 1, 2007, Nasdaq entered into a definitive agreement to acquire the Boston Stock Exchange, or BSE, including the holding company, or the BSE Group, the Boston Equities Exchange, the Boston Stock Exchange Clearing Corporation, and BOX Regulation for $61.0 million in cash. Along with these businesses, Nasdaq will acquire a Self Regulatory Organization license for trading both equities and options. This transaction will provide Nasdaq with a second exchange license and, subject to SEC approval, utilization of the BSE Clearing Corporation. The transaction is also subject to SEC approval and approval by BSE members.

Upon closing, BSE Group will be consolidated as part of The Nasdaq Market Center which is included in our Market Services segment. This acquisition is expected to close during the first quarter of 2008.

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