NASDAQ OMX Group
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| Type | Public |
|---|---|
| Traded as | NASDAQ: NDAQ S&P 500 Component |
| Industry | Financial services |
| Founded | 1971 |
| Headquarters | New York City, New York, U.S. |
| Key people | Robert Greifeld (President & CEO) |
| Products | Stock exchanges |
| Revenue |  US$3.648 billion (2008) |
| Operating income | US$ 598.00 million (2008) |
| Net income |  US$ 319.88 million (2008) |
| Total assets | US$12.694 billion (2008) |
| Total equity | US$4.241 billion (2008) |
| Employees | 2,507 (March 2009) |
| Subsidiaries | NASDAQ, OMX |
| Website | NASDAQOMX.com |
The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) is an American multinational financial services corporation that owns and operates the NASDAQ stock market and eight European stock exchanges in the Nordic and Baltic regions and Armenia under the NASDAQ OMX banner. It is headquartered in New York City, and its president and chief executive is Robert Greifeld.
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[edit] History
[edit] Merger attempt with London Stock Exchange
In December 2005, the London Stock Exchange Group (LSE) rejected a £1.6 billion takeover offer from Macquarie Bank. The LSE described the offer as "derisory." It then received a bid in March 2006 for £2.4 billion from NASDAQ, which was also rejected by the LSE. NASDAQ later pulled its bid, and less than two weeks later on April 11, 2006, struck a deal with LSE's largest shareholder, Ameriprise Financial's Threadneedle Asset Management unit, to acquire all of that firm's stake, consisting of 35.4 million shares, at £11.75 per share.[1] NASDAQ also purchased 2.69 million additional shares, resulting in a total stake of 15%. While the seller of those shares was undisclosed, it occurred simultaneously with a sale by Scottish Widows of 2.69 million shares.[2] The move was seen as an effort to force LSE to negotiate either a partnership or eventual merger, as well as to block other suitors such as NYSE Euronext, owner of the New York Stock Exchange.[3]
Subsequent purchases increased NASDAQ's stake to 29%, holding off competing bids for several months. However only a further 0.4% of shareholders accepted the offer by the deadline and therefore the offer was rejected [4] on February 10, 2007.
[edit] Boston and Philadelphia Exchanges purchase
On October 2, 2007 , NASDAQ purchased the Boston Stock Exchange. On November 7, NASDAQ announced an agreement to purchase the Philadelphia Stock Exchange.
[edit] OMX purchase
On May 25, 2007 NASDAQ agreed to buy the Swedish-Finnish financial company that controls 7 Nordic and Baltic stock exchanges OMX for USD 3.7 billion to form NASDAQ OMX Group.[5] As of February 27, 2008, the deal was completed.
[edit] Additional Services
[edit] DirectorsDesk.com
On June 29, 2007, NASDAQ entered into an agreement to acquire DirectorsDesk.com a management suite for Boards of Directors.[6]
[edit] Carpenter Moore
NASDAQ OMX sold its stake in the Carpenter Moore D&O Insurance in 2009.
[edit] GlobeNewswire
GlobeNewswire (previously PrimeNewswire) provides press release, editing and wire services
[edit] SMARTS Group
On July 27, 2010, NASDAQ OMX Group, Inc. has signed an agreement to acquire SMARTS Group, the world-leading technology provider of market surveillance solutions to exchanges, regulators and brokers.[7]
[edit] Market Data Group
[edit]
[edit] References
- ^ Patrick, M.; Lucchetti, A., Reilly, D., Taylor, E. (2006-04-11). "Nasdaq Acquires 15% of LSE". The Wall Street Journal. http://online.wsj.com/article/SB114477409808123029.html.
- ^ "Scottish Widows says has sold 2.7 mln LSE shares at 1,175 pence". Forbes. 2006-04-12. http://www.forbes.com/finance/feeds/afx/2006/04/12/afx2665242.html.
- ^ Ortega, E. (2006-04-11). "Nasdaq Buys 15 Percent Stake in LSE for $782 Million". Bloomberg News. http://www.bloomberg.com/apps/news?pid=10000103&sid=aY106PolhKUQ&refer=us.
- ^ "LSE woos Tokyo after US bid fails". BBC News. 2007-02-11. http://news.bbc.co.uk/2/hi/business/6351555.stm.
- ^ "Nasdaq to buy Nordic bourse group OMX for $3.7 bln". Reuters. 2007-05-25. http://biz.yahoo.com/rb/070525/nasdaq_omx.html?.v=10.
- ^ "Nasdaq to acquire Directors Desk, a Technology Company for Corporate Boards". primenewswire.com. 2007-06-29. http://www.primenewswire.com/newsroom/news.html?d=122199.
- ^ "NASDAQ OMX to acquire world-leading market surveillance system provider SMARTS". 2010-07-27. http://www.smartsgroup.com/news/media-releases/2010/196-nasdaq-omx-to-acquire-world-leading-market-surveillance-system-provider-smarts.html.
[edit] External links
- Official website
- NASDAQ OMX Group to Complete Acquisition of The Philadelphia Stock Exchange
- NASDAQ OMX Group Completes Acquisition of Boston Stock Exchange
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