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Tuesday, November 19, 2013

Deutsche Boerse chairman says no large deals on the cards, (NASDAQ: NDAQ)

German stock exchange operator Deutsche Boerse will continue to shun large acquisitions, its supervisory board chairman said on Tuesday. "It's not on the agenda anywhere," Joachim Faber told journalists on the sidelines of the Euro Finance Week conference in Frankfurt, when asked whether large takeovers were on the cards again for Deutsche Boerse.The operator of the Frankfurt stock exchange last year failed to get regulatory approval for a planned merger with NYSE Euronext.The Wall Street Journal earlier on Tuesday cited people familiar with the discussions as saying that Deutsche Boerse, London Stock Exchange Group as well as Nasdaq OMX Group were considering individual offers for Euronext.Faber failed to comment on the report.

The NASDAQ OMX Group, Inc. (NASDAQ OMX) is a holding company. Shares of NDAQ traded higher by 1.4% or $0.52/share to $37.60. In the past year, the shares have traded as low as $22.95 and as high as $37.62. On average, 1278960 shares of NDAQ exchange hands on a given day and today's volume is recorded at 1400613.