Nasdaq (NDAQ): The Gang That Couldn’t Shot Straight?
Nasdaq (NDAQ) did not have much success buying the London Stock Exchange, so it settled for picking up Nordic stock market group OMX. The price tag was about $3.7 billion. But, according to the Telegraph, the The Dubai International Financial…
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Nasdaq (NDAQ) did not have much success buying the London Stock Exchange, so it settled for picking up Nordic stock market group OMX. The price tag was about $3.7 billion.
But, according to the Telegraph, the The Dubai International Financial Centre is preparing a bid which is about 20%. OMX shares have been trading slightly above the NDAQ offer, perhaps in anticipation of a counter bid.
NDAQ shareholders have not been enthusiastic about the exchanges prospects. Until a recent run, the stock was up only a little over 10% over the last year, running behind shares in NYSE Euronext (NYX).
Another embarrassment is hardly what Nasdaq needs now.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.