Nasdaq Considers Breakup or Merger
Nasdaq mulls breakup or merger with the London Stock Exchange:
Nasdaq’s stock price is currently cheap relative to its peers and they are having trouble identifying a successor for current CEO Bob Greifeld so a sale or merger has becoming a viable option for the transatlantic exchange operator. The Nasdaq has had a series of technical difficulties that have halted trading for a period of time in recent weeks. They are also partially responsible for the Facebook IPO debacle. While current CEO Bob Greifeld is only 56 and one year into a five year contract, this does seem like an intriguing opportunity to shake up the global marketplace.