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NDAQ » Topics » Sale of the LSE stake

This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.

Sale of the LSE stake

On September 25, 2007, we sold 28.0% of the share capital of the London Stock Exchange plc (“LSE”) to Borse Dubai for approximately $1.6 billion in cash. On September 26, 2007, through open market transactions, we sold the remaining balance of our holdings in the LSE for $193.5 million in cash. As a result, we recognized a $431.4 million pre-tax gain which is net of $18.0 million of costs directly related to the sale, primarily for broker fees. We used approximately $1.1 billion of the approximately $1.8 billion in total proceeds from the sale of the LSE shares to repay in full and terminate our then-outstanding credit facilities.

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