Business News: Nasdaq OMX Rises On Report Of Buyout Talks

Started by MikeLigalig.com, February 18, 2013, 01:25:24 PM

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MikeLigalig.com

February 18, 2013, 01:25:24 PM
Nasdaq OMX Rises On Report Of Buyout Talks

Nasdaq OMX (NDAQ) shares surge 9% in early trading to a five-year high Monday amid published reports the Carlyle Group (CG) may take the exchange private. The talks were held three weeks ago, according to a source quoted by Fox Business Network, but broke down over disagreements on pricing. Nasdaq shares retreated from their morning surge by midafternoon, but still were up 4% at 2:30 p.m. ET. The discussion to take Nasdaq private comes after NYSE

Source: Nasdaq OMX Rises On Report Of Buyout Talks
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