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NDAQ » Topics » Proposed Business Combination with OMX

This excerpt taken from the NDAQ 10-Q filed Aug 1, 2007.

Proposed Business Combination with OMX

On May 25, 2007, the boards of directors of Nasdaq and OMX jointly announced that they entered into a transaction agreement to combine the two companies. The combination will create the world’s largest global network of exchanges and exchange customers linked by technology.

The combined company, to be called The NASDAQ OMX Group, Inc., will combine two highly complementary businesses, uniting Nasdaq’s leading global brand, highly efficient electronic trading platform and track record of customer focused innovation with OMX’s global technology services platform and customer base, efficient Nordic Exchange, derivatives capabilities and track record of successful cross-border exchange integrations.

The combination is expected to close during the fourth quarter of 2007 and is conditional upon, among other things, regulatory approvals and the approval of Nasdaq and OMX shareholders. See Note 14, “Proposed Business Combination with OMX,” to the condensed consolidated financial statements for further discussion.

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