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Nasdaq Gets U.S. Government Approval For Borse Dubai Investment(InvesTrend Via Thomson Dialog NewsEdge) January 2, 2008 (FinancialWire) Nasdaq Stock Market Inc. (NASDAQ: NDAQ) has received approval from the Committee on Foreign Investment in the United States to give Dubai's state-owned bourse a stake in the U.S. electronic exchange. The New York Stock Exchange completed its acquisition of Paris-based Euronext this year to form NYSE Euronext (NYSE: NYX). The approval is the first step in allowing the Nasdaq to continue with its plan to acquire Stockholm-based exchange operator OMX. The new exchange will be known as Nasdaq OMX Group Inc. Borse Dubai Ltd. will own a 19.9 percent stake in Nasdaq, though its voting stake will be capped at five percent. It will also receive Nasdaq's stake in the London Stock Exchange. Nasdaq will make an investment in Dubai International Financial Exchange, which is owned by Borse Dubai. CFIUS is a committee with representatives from 12 federal agencies established to review how acquisitions of American assets by foreign companies might affect national security. Shares of Nasdaq rose 37 cents to close at $49.49, while shares of NYSE Euronext rose $1.41 to close at $87.77. For up-to-the-minute news, features and links click on http://www.FinancialWire.net FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation from any company for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279 To become an investor monitor of independent research for a company in which you are invested, go to the not-for-profit Shareholders Research Alliance, Inc. website by clicking on http://www.shareholdersresearch.com/ The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268 (Distributed for Investrend Communications, Inc. via M2 Communications Ltd (www.m2.com)) Copyright 2008 M2 Communications Ltd. |