Banking & Finance

Qatar Tries To Block Dubai/Nasdaq/OMX Hook-Up

MarketWatch is reporting that The Qatar Investment Authority said it’s taken a 20% stake in the London Stock Exchange literally hours after Borse Dubai said it was buying 28% of the LSE from the Nasdaq Stock Market . Qatar is trying to block the Nasdaq deal to buy OMX.

Maybe Nasdaq (NDAQ) shareholders will get lucky and it overly complex deal with OMX and Dubai will be killed by an outsider.

Douglas A. McIntyre