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In Business: Nasdaq Buys Boston Stock Exchange |
| Published: October 2, 2007, 6:18 pm |
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The Nasdaq Stock Market (NDAQ) said Tuesday it would buy the Boston Stock Exchange for about $61 million, putting the Boston exchange under outside ownership after 173 years of independence. Nasdaq's acquisition of the Boston exchange, the third oldest in the United States, comes amid a global wave of consolidation among stock exchanges. Included in Tuesday's deal are the Boston exchange's holding company, BSE Group, as well as the Boston Equities Exchange, the Boston Stock Exchange Clearing and BSE's regulatory authority over the Boston Options Exchange. [ Full article ] |
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