Tuesday, April 10, 2007

Nasdaq in talks to buy Phila.Exchange-report

(Reuters) - NEW YORK, April 10 - Nasdaq Stock Market Inc. is in talks to buy the Philadelphia Stock Exchange to gain a stake in the fast-growing options business, according a report on the Wall Street Journal Web site on Tuesday.

The report, citing unnamed sources, said the top U.S. electronic stock exchange had discussed a link up with the regional exchange for months, but a deal is not expected to be reached any time soon and may take weeks to put together.


Read more at Reuters.com Mergers News

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