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NEW YORK (AP) - Nasdaq Stock Market Inc., which lost in its battle to cross the Atlantic with a failed takeover bid for the London Stock Exchange, is expected to announce Friday it is acquiring Swedish exchange operator OMX AB in a deal worth up to $3 billion, according to a person close to the deal.
The U.S. electronic exchange, home to such technology bellwethers as Microsoft Corp. and Dell Inc., would use the acquisition as a springboard to gain European listings.
Executives from Nasdaq and OMX held meetings in Stockholm on Thursday to finalize terms of the deal, according to the person who spoke on condition of anonymity because of the sensitivity of the negotiations. The negotiations — which had yet to be completed — were also confirmed by other media in Europe and the U.S.
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