Tuesday, March 14, 2006

More from the UK on NDAQ's LSE Bid

In this piece, The Daily Telegraph discusses Clara Furse's (LSE CEO) insistance for JP Morgan to step down from their role as investment banking advisors for NDAQ. The end of the article says,

"Nasdaq faxed its offer to the LSE at 4pm on Thursday but Furse had already left for the weekend.

She took part from Morocco in a conference call held by the board to discuss the deal, which led to the decision to reject it.

JPMorgan said: "As a matter of policy, we do not support unfriendly approaches for corporate broking clients and have stepped down as adviser to Nasdaq."


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