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Nasdaq's Friedman Bulks Up Board Business in $200 Million Deal

  • Exchange operator agrees to buy Boardvantage for cash, debt
  • Nasdaq has made a string of five purchases since October
Nasdaq Composite Index Reaches Intraday High
Photographer: Eric Thayer/Getty Images

Nasdaq Inc. agreed to buy Boardvantage, a business that allows corporate boards to exchange information, as Chief Operating Officer Adena Friedman helps continue a spate of dealmaking in an industry full of activity.

The New York-based exchange operator will pay $200 million in cash and debt for Boardvantage, according to a statement Monday, doubling the size of the corporate governance product it already offers. The transaction is expected to close in the first half, the statement shows.