The Nasdaq OMX Group, Inc. ("NASDAQ OMX") (Nasdaq:NDAQ) has agreed to repurchase from Borse Dubai approximately 22.78 million shares of common stock for $21.82 per share for an aggregate purchase price of approximately $497 million, representing approximately 11.5% of its total outstanding shares.
Dubai Financial Markets (DFM) is to buy Nasdaq Dubai for $121 million in an effort to cut costs and restructure its business in the wake of the region's ongoing debt crisis.
The London Stock Exchange is once again grappling with technical problems on a day when its shares have taken a hammering on fears that Borse Dubai may be forced to dump its 20% stake in the UK market.
The Dubai International Financial Exchange (DIFX) has rebranded its market as Nasdaq Dubai, effective today.
The Dubai International Financial Exchange (DIFX) is set to go live with a platform supplied by Nasdaq OMX which it will use for all trading, including equity derivatives which it plans to list for the first time later this year.
The Dubai International Financial Exchange (DIFX) has appointed Jeffrey Singer from Nasdaq OMX as its new chief executive officer, replacing Per Larsson who has "accepted another senior position in the region".
The Nasdaq Stock Market ("NASDAQ") (Nasdaq:NDAQ) today announced the composition of the Board of Directors for The NASDAQ OMX Group, Inc., effective March 1, 2008.
Nasdaq says its acquisition of European market operator OMX - which involves a tie-up with Borse Dubai - is expected to complete on 27th February.
The Nasdaq Stock Market (Nasdaq:NDAQ) announced that Thomas G. Stemberg, Managing General Partner of the Highland Consumer Fund and former Chairman of Staples, resigned from the Board of Directors effective December 31.
Statement of the Board of Directors of OMX AB (publ) in relation to the public offer from Borse Dubai Limited and the agreed, subsequent acquisition of OMX shares by The NASDAQ Stock Market, Inc.
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