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Investment Brokerages M&A image Investment Brokerages M&A » By The Online Investor Staff, updated Thu., Apr. 25, 6:38 PM Recent mergers and acquisitions in the Investment Brokerages M&A category.

Slide #77. NASDAQ OMX Group, Inc. eSpeed trading platform

Acquirer: NASDAQ OMX Group, Inc. (NASDAQ:NDAQ)
Acquiree: eSpeed trading platform
Details: The NASDAQ OMX Group, Inc. announced it has entered into an agreement with BGC Partners, Inc. to acquire the eSpeed platform for a purchase price of $750 million in cash plus certain contingent issuances of stock that approximate certain tax benefits to NASDAQ OMX. eSpeed operates a fully executable central limit order book for electronic trading in U.S. Treasuries, which will give NASDAQ OMX a strong entry point in the electronic fixed income business one of the largest and most liquid cash markets in the world. The transaction is expected to be accretive to earnings within the first twelve months after closing, excluding transaction-related costs, and to generate attractive returns on capital.

Nasdaq is a holding company. Through its subsidiaries, Co. manages, operates and provides its products and services in four segments: Market Technology, which includes exchanges, clearing organizations, central securities depositories, regulators, banks, brokers and other businesses; Investment Intelligence, which includes its Market Data, Index, and Analytics businesses; Corporate Platforms, which includes its Listing Services and IR and Environmental, Social and Governance Services businesses; and Market Services, which includes its Equity Derivative Trading and Clearing, Cash Equity Trading, Fixed Income and Commodities Trading and Clearing and Trade Management Services businesses.

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Company Name:  Nasdaq Inc
Stock buyback:  NDAQ buyback
Website:  www.ir.nasdaq.com
Sector:  Investment Brokerages
Number of ETFs Holding NDAQ:  95
Total Market Value Held by ETFs:  $3.79B
Total Market Capitalization:  $35.14B
% of Market Cap. Held by ETFs:  10.77%
 

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April 25, 2024    6:38 PM Eastern
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Buy (2.97 out of 4)
23rd percentile
(ranked lower than approx. 77% of all stocks covered)

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