Free Site Registration

Another Step Away From the NASD

Traders Magazine, March 2002

Gregory Bresiger

Nasdaq moved one step closer to completely cutting its ties with its parent, the National Association of Securities Dealers. Nasdaq recently completed the repurchase of 33.8 million shares of Nasdaq stock. The shares - valued at $13 a share - were sold for $439 million. The shares were sold in two phases in a period over February and March. The purchase leaves the NASD with 43.2 million remaining shares, which represent underlying warrants that were issued during Nasdaq's private equity placement.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?