The Nasdaq Stock Market, Inc. ("NASDAQ") notes the announcement made by London Stock Exchange Group plc ("LSE") in response to the announcement of the Final Offers (see Note) for LSE (the "Offer Announcement").
NASDAQ is disappointed that LSE has rejected NASDAQ's request for a meeting to discuss the Final Offers.
As stated in the Offer Announcement, NASDAQ appreciates LSE's strong standalone growth prospects as shown in LSE's recent interim results. NASDAQ believes that this potential is fully reflected in the Final Offers at 1,243 pence.
NASDAQ will proceed with its Final Offers to LSE Shareholders at 1,243 pence per LSE Ordinary Share.
Commenting on the rejection, NASDAQ President and CEO Robert Greifeld said, "We are disappointed by the quick rejection of our proposal and the LSE Board's refusal to meet with NASDAQ."
Capitalised terms in this announcement have the same meaning as in the Offer Announcement.
Note: The Final Offers will not be revised except that NAL reserves the right to revise the Final Offers: (i) upon the recommendation of the LSE Board; or (ii) if a firm intention to make a competing offer for LSE is announced, whether or not subject to any preconditions.
