 Nasdaq already owns about 29% of the LSE |
The deadline for London Stock Exchange (LSE) shareholders to sell their stock to Nasdaq, which has set out a proposed hostile takeover bid, expires soon. The group had set midnight on Friday 26 January, as the closing date for its offer, but that was extended until 1pm UK time on Saturday 10 February.
However, the US market has not raised its 1,243p per share offer.
Nasdaq has blamed the LSE's refusal to enter takeover talks for its decision not to raise its bid price.
The London exchange has consistently rebuffed the offer, dubbing it "wholly inadequate" and has urged shareholders not to sell up.
The LSE recently issued an upbeat trading forecast and said it would return an extra �250m to shareholders.
Nasdaq already owns a 28.8% stake in LSE.
One-Minute World News 
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