Feb 20

Nasdaq Agrees to Buy OMX, Operator of 7 Stock Exchanges in Europe

Tag: NASDAQ @ 1:09 am

Nasdaq acquires OMX, operator of seven Nordic and Baltic exchanges, for 25.1 billion Swedish kronor ($3.7 billion); combined company, which will be called Nasdaq OMX Group, will be run by Nasdaq chief executive Robert Greifeld and will list more than 4,000 companies with combined market value of $5.5 trillion; takeover gives Nasdaq access to stock and derivatives trading in Europe and market for technology to run exchanges; OMX chief executive Magnus Bocker will become president of combined com…

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