NASDAQ has still not taken a final decision on London Stock Exchange

NASDAQ has still not taken a final decision on London Stock Exchange

Nasdaq Stock Market has said in a statement that they have still not taken a final decision on what they want to do with its 28.75 percent stake in London Stock Exchange Group if they fail to take over the company.

NASDAQ said in a statement: “No decisions have been made about its strategy for its LSE shares in the event of a lapsed bid. Nasdaq’s options include selling all or a portion of its stake and/or competing directly in the London market.”

LSE had requested to their shareholders last month to reject the 2.7 billion pound hostile bid from NASDAQ which is the largest U.S. electronic stock market.

LSE is claiming that the bid is undervaluing the company in relation to its peers.

NASDAQ further said: “No comments attributed to it with respect to an increase in its offers should be interpreted as indicative of Nasdaq’s intentions. Nasdaq’s position remains as set out in the announcement on November 20, 2006.”