"We have received a letter from Third Avenue Management proposing to buy the assets and liabilities of one of our businesses, Instinet, The Institutional Broker. The proposal described in the letter is subject to, among other things, the completion of due diligence to Third Avenue Management's satisfaction. Our Board of Directors is reviewing the letter in a previously scheduled meeting.
However, we note that, under our merger agreement with The Nasdaq Stock Market, Inc., we are subject to restrictions with respect to third party proposals of the type contained in the letter from Third Avenue Management."
