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Nasdaq is M&A Target

March 7, 2011

Fresh off its announced merger with the Toronto Stock Exchange (TMX), U.K.'s London Stock Exchange is reportedly considering a takeover of Nasdaq - which makes sense, until we hear that such a move wouldn't come about until after the $5 billion LSE/TMX deal has closed.  So, why report it - now, if at all? 

Perhaps the report was 'leaked' to quell a media frenzy that's itching to know whether Nasdaq will find a 'date to the dance' or 'die an old maid'. 

For now, let's simply add the above deal to a list of other prospective Nasdaq marriages - with either CME Group or ICE.  Those reports also led to speculation that Nasdaq and one of these partners would then make an unsolicited bid for the NYSE - in competition with the Deutsche Boerse which already shook hands with the NYSE on a deal.  [Reuters, 3/6]