Breakingviews on Twitter
Search League Tables

Monday, 30 May 2016

Nasdaq paying price of dealmaking gone wrong

Electronic overkill

Nearly two years after it failed to supersize by acquiring the NYSE, the bourse is aiming smaller with a $750 mln plan to buy eSpeed. Investors erased 90 pct of the price tag from Nasdaq’s market value. That ignores the target’s income and the buyer’s cost discipline.

This content is for Subscribers only

To access full content you must be a subscriber. Please use the following link to request a trial.

Sign In

(Launches in a new window)