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 LONDON (AP) - The Nasdaq Stock Market Inc. failed for the second time in a year to win control of the London Stock Exchange PLC, revealing Saturday that its $5.3 billion hostile bid had been spurned by the British bourse's shareholders.
Nasdaq, which abandoned its first attempt at the LSE several months ago, had extended its current offer by two weeks in an attempt to win over more shareholders — a move that proved fruitless.
In the end the New York-based exchange received acceptances worth just 0.41 percent of the LSE's ordinary shares in return for its $24.35 per share bid.
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