Press releases 2007
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA OR CANADA
Statement re lapse of Nasdaq’s offer*
10 February 2007
The Board of the London Stock Exchange welcomes the rejection by shareholders of Nasdaq’s offer. The Exchange looks forward to fulfilling its vision to be the world’s capital market, without the distraction of ill-considered approaches which fail to understand the value of the business.
Chris Gibson-Smith, the Chairman of the Exchange, commented:
“The Exchange’s strategy has produced outstanding results for shareholders by facilitating a structural shift in volume growth in an increasingly international market at the centre of the world’s equity flows. The Exchange intends to build on its exceptionally valuable brand by progressing various competitive, collaborative and strategic opportunities, thereby reinforcing its uniquely powerful position in a fast evolving global sector.”
For further information, please contact: London Stock Exchange Group plc
John Wallace - Media 020 7797 1222
Paul Froud - Investor Relations 020 7797 3322 Merrill Lynch
020 7628 1000
Richard Slimmon Lehman Brothers
020 7102 1000
Stephen Fox Finsbury
James Murgatroyd 020 7251 3801
* The offer was made by Nightingale Acquisition Limited, a wholly owned subsidiary of The Nasdaq Stock Market, Inc. ("Nasdaq").
The Directors of the Exchange accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Directors of the Exchange (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.
Merrill Lynch International, which is regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for the Exchange and no-one else in connection with the offer and will not be responsible to anyone other than the Exchange for providing the protections afforded to clients of Merrill Lynch International nor for providing advice in relation to the offer.
Lehman Brothers Europe Limited, which is regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for the Exchange and no-one else in connection with the offer and will not be responsible to anyone other than the Exchange for providing the protections afforded to clients of Lehman Brothers Europe Limited nor for providing advice in relation to the offer.