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Nasdaq (NDAQ Quote) is staking its claim in the global exchange gold rush.
Just months after its efforts to buy the London Stock Exchange fell apart, Nasdaq agreed Friday to buy the OMX, an operator of stock exchanges across Europe. The deal puts Nasdaq back on the worldwide exchange map just as its rivals are consolidating their power.
OMX operates stock exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga and Vilnius.
The transaction calls for Nasdaq to pay 208.10 kroner per share for OMX, valuing the Nordic exchange at $3.7 billion. Combined, the exchanges will have a market cap of roughly $7.1 billion. ...
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