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BRITAIN
LSE rejects Nasdaq offer
Nasdaq Stock Market Inc. shrugged off a swift rejection of its bid to take over the London Stock Exchange, saying Nov. 20 that it would make its pitch directly to stockholders until the target's board agrees to talk.
The London exchange said Nasdaq had undervalued the company with a cash offer of $23.56 per share.
The Japan Times Weekly: Nov. 25, 2006 (C) All rights reserved
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