TITLE

Persian Gulf Pay Dirt

AUTHOR(S)
Schachter, Ken
PUB. DATE
October 2007
SOURCE
Red Herring;10/7/2007, Vol. 4 Issue 29, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses issues regarding the decision of the Nasdaq Stock Market to secure its bid to acquire European OMX exchanges by selling its stake in the London Stock Exchange to Borse Dubai of the United Arab Emirates. It argues that the transactions give the oil-rich region a role in a financial marketplace that increasingly moves without regard to rime zones or national borders, though neither deal gives the Persian Gulf partners signficant ownership control. Under the multi-tiered Nasdaq deal, Borse Dubai would proceed with its bid for the Nordic OMX stock exchanges, but transfer ownership to rival bidder Nasdaq.
ACCESSION #
28819302

 

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