Financial Times FT.com

Nasdaq to buy Sweden’s OMX for $3.7bn

By Norma Cohen in London, Robert Anderson in Stockholm and Anuj Gangahar in New York

Published: May 24 2007 23:38 | Last updated: May 25 2007 19:56

Nasdaq on Friday agreed to acquire the Nordic markets and technology group OMX for $3.7bn (£1.9bn) in cash and shares in the third transatlantic tie-up between exchanges in the past year.

VIDEO

Anuj Gangahar

Anuj Gangahar

explains why a deal with Sweden’s OMX makes Nasdaq harder for the LSE to ignore

The move comes amid a wave of consolidation as exchange operators face increased competition for business, particularly in Europe, and follows Nasdaq’s failed bid for the London Stock Exchange in February.

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