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March 10, 2006
LSE a takeover target
BBC News has an article about the London Stock Exchange rejecting a takeover bid by the NASDAQ. According to the article, the LSE seems to be bidding up it's price. Apparently both exchanges benefitted, but the NASDAQ is up even more than the LSE.
The market caps are such that LSE is worth about 2 billion GBP, the NASDAQ worth about 3.5 billion USD. Over the last year, LSE has not quite doubled, but NDAQ has gone up fourfold.
Can you buy an index of exchanges? Could you corner the markets market?
Posted by Mark at March 10, 2006 08:35 PM
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