The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) today released the following statement in connection with Borse Dubai Limited's ("Borse Dubai") successful tender offer for OMX AB (publ) ("OMX") and the subsequent sale of OMX shares to NASDAQ, to form The NASDAQ OMX Group. The transaction is expected to close on February 27.
NASDAQ's President and Chief Executive Officer Bob Greifeld commented, "This is the final milestone of the transaction. Borse Dubai's successful tender for OMX shares paves the way for NASDAQ to create the world's largest exchange company that will set the standard for global electronic trading and public company services, and provide the premier infrastructure for financial markets around the world."
NASDAQ is the largest U.S. equities exchange. With over 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com