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The London Stock Exchange Group completed a $2.3 billion acquisition of Borsa Italiana on Monday even as takeover talks swirled about the British exchange.
European stocks closed higher Thursday, with investors shrugging off a surprise drop in U.S. new home sales and weaker U.S. economic growth data.
Sweden's Financial Supervisory Authority (FI) said on Thursday U.S. exchange Nasdaq was qualified to be an owner of Nordic exchange firm OMX.
European stocks closed higher Wednesday as investors shrugged off a sharp drop in U.S. durable goods figures for August, and concerns over tightness in the credit market eased on news the Bank of England received no bids for its liquidity injection.
Nasdaq and Borse Dubai, aiming to muscle out potential rival bidders, boosted an offer for OMX to $4.9 billion on Wednesday and pushed close to a majority stake in the Nordic exchange group.
The London Stock Exchange said in a trading statement on Tuesday it would report very strong first-half results and was very close to completing its merger with Borsa Italiana.
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European stocks closed broadly lower Thursday as profit-taking set in and the financial sector took another hit.
Stock market operator Nasdaq and Borse Dubai joined forces on Thursday with a deal allowing Nasdaq to buy Nordic markets operator OMX and create "a global financial marketplace" which also sees Borse Dubai take key stakes in both the London Stock Exchange and Nasdaq.
Shares of the Nasdaq Stock Market were halted on Wednesday pending a news announcement.
Stocks closed with big gains as investors cheered the Fed's decision to cut interest rates deeper than expected. "The Fed gave us a little more than most of us had expected -- they are looking at the future and the U.S. economy is weakening -- I think that's why equities are responding to the upside," said Robert Doll, chief investment officer at BlackRock.
Nasdaq has weighed selling a piece of itself to an overseas investor to help it seal a deal to buy Nordic exchange operator OMX, the Wall Street Journal reported on its Web site on Tuesday, citing people familiar with the matter.
Qatar's state investment fund is close to buying Nasdaq's 31% stake in the London Stock Exchange Group, newspaper reports said on Sunday.
U.S. exchange Nasdaq held out the possibility on Friday of boosting an offer for exchange group OMX currently worth $3.8 billion as it competes with a higher all-cash bid from Borse Dubai.
European stocks closed in the positive territory Thursday, helped by encouraging signs in credit markets.
Singapore's Temasek became the latest investor to lose interest in buying Nasdaq's 31% stake in the London Stock Exchange, sources familiar with the matter said on Thursday.
The Qatari Investment Authority is considering teaming up with three Italian partners to win over Nasdaq's 31% stake in the London Stock Exchange, Italian daily Il Sole 24Ore reported.
European stocks closed mixed on Monday in thin trading because of a national holiday in the U.S. and on anticipation of a busy week.
Representatives of the Qatari Investment Authority have indicated a willingness to pay as much as 15 pounds ($30) a share for Nasdaq's 31% percent stake in the London Stock Exchange the Sunday Times newspaper said.
Stocks rallied after President Bush outlined his plan to help distressed homeowners, and Federal Reserve Chairman Ben Bernanke said the Fed will act as needed to address credit concerns.