NDAQ's share price fell 8.6% after Hellman & Friedman sold its $1b stake in the company after it reached its all-time high on November 6 2007.
Revenue and profits increased dramatically following the sale of NDAQ's stake in the London Stock Exchange.
Now working together, NDAQ and Borse Dubai have increased their bid to $4.9b for Scandinavian exchange OMX, which is seen as a gateway to the Russian stock market.
The sale of its stake in the London Stock Exchange may weaken the company, which was reflected in the decrease of its credit rating.
NASDAQ signed a deal with Dubai’s stock exchange, Borse Dubai, to buy the Nordic markets operator OMX, while Borse Dubai buys 20 percent of NASDAQ and gets NASDAQ’s key stake in London Stock Exchange for 14.14 pounds per share. Further, NASDAQ gets a 33 percent stake in the Dubai International Financial Exchange (DIFX). This will help NASDAQ to increase its hold in the Middle East and Asia. This led to an increase in NASDAQ’s stock price.
Just like CME did..Started in the 40's and never looked back.. Rember that the 8% down turn in early Nov. provided an excellent time for NDAQ to snap 23 million shares back. When this thing doubles there is another 400million $ in the bag for the company.