The LSE's $492 Million Incentive
Fighting what appears more and more to be a rearguard action, the managers of the London Stock Exchange are hoping to placate shareholders with stock buybacks to fend off pressure for a sale to the Nasdaq Stock Market (NDAQ). But the plan, announced Jan. 18, to pay up to $492 million to investors while again calling the U.S. exchange's offer "wholly inadequate," will likely do little to keep Nasdaq at bay, U.S. analysts say.
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