Nasdaq Trying to “Mend Fences” with the London Stock Exchange

FBN’s Charlie Gasparino reports that the Nasdaq OMX Group Inc. is “conducting outreach to the London Stock Exchange to mend fences.” Gasparino notes that, “Greifeld’s people are out there mending fences trying to make nice,” since “they believe if they’re gonna do this deal, they’re gonna have to do it in a friendly way… so they can begin merger discussions.” Excerpts from the report are below, courtesy of Fox Business Network.

On a possible merger between Nasdaq OMX Group Inc. (NDAQ) and the London Stock Exchange (LSE):
“The Nasdaq wants to do a deal with the London Stock Exchange. It makes perfect sense. The Nasdaq is now, not in merger discussions, but conducting outreach to the LSE to mend fences, not at the Greifeld level, but right underneath him. People at the Nasdaq are talking about differences and things that happened in the past since there were a lot of hard feelings at the LSE after Nasdaq’s 2007 hostile attempt. Greifeld’s people are out there mending fences trying to make nice, trying to talk about synergies before they start the real heavy lifting. Sources tell FBN that the Nasdaq has all but ruled out a second hostile bid for the LSE. They believe if they’re gonna do this deal, they’re gonna have to do it in a friendly way. This is to mend fences so they can begin merger discussions.”

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