Thursday, May 24, 2007
morning call... 05 25 2007
GS raised money for the new system.
The sytem monitor private euity placement to ensure they comply with 144a market rules.
The sale illustrates a growing willingness of investors tosacrifice the regulatory oversight and liquidity provided bypublic markets in their search for higher returns, said JamesCox, a professor of corporate and securities law at DukeUniversity in Durham, North Carolina.
May 25 (Bloomberg) -- Nasdaq Stock Market Inc., trailingNYSE Euronext in the race to expand into Europe, may say as earlyas today that it's buying Sweden's OMX AB for more than $3billion, two people familiar with the talks said.
-NASDAQ abandoned the attempt to buy LSE
-both Nasd and OMX are eltronic and technogy driven
Nasdaq shares rose 79 cents, or 2.4 percent, to $33.98 incomposite trading in New York yesterday. OMX rose 5.5 kronor to180 kronor, bringing its market value to about $3.2 billion.
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