DGAP-News: NASDAQ OMX to Repurchase 22.78 Million Shares
ID: 316900
16.12.2010 15:28
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NEW YORK, Dec. 16, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. ('NASDAQ
OMX(R)') (Nasdaq:NDAQ) has agreed to repurchase from Borse Dubai approximately
22.78 million shares of common stock for $21.82 per share for an aggregate
purchase price of approximately $497 million, representing approximately 11.5%
of its total outstanding shares. The transaction completes, expands and
accelerates the purchase by NASDAQ OMX of its shares pursuant to its previously
announced share repurchase plan.
Borse Dubai also has agreed to sell in a private transaction 8 million shares
of common stock of NASDAQ OMX to Nomura International PLC as the buyer under
the NASDAQ OMX Sale agreement.
Nomura agreed, under a forward sale agreement, to sell 8 million shares of
NASDAQ OMX common stock to Investor AB, subject to regulatory approval. To the
extent the agreement is physically settled, Investor AB's ownership of NASDAQ
OMX shares of common stock will increase to 17,400,142 shares.
The sale by Borse Dubai of slightly more than half of its investment in NASDAQ
OMX (30.78 million shares) will raise substantial proceeds to meet Borse
Dubai's debt obligations maturing in February 2011.
NASDAQ OMX intends to raise $370 million in the bond market to finance the
transaction. NASDAQ OMX management is committed to maintaining its investment
grade status with both S&P and Moody's.
Bob Greifeld, Chief Executive Officer of NASDAQ OMX, said: 'Our repurchase of
shares from Borse Dubai is an excellent transaction for both parties. It allows
us to be opportunistic and accelerate our share repurchase plans while
delivering significant accretion to our shareholders. The financing gives us
sufficient capacity to fund the buyback, while maintaining strategic and
operational flexibility. After the transaction, Borse Dubai will continue to
hold a significant investment in NASDAQ OMX, demonstrating its desire to remain
a committed long-term shareholder. We are pleased by the confidence Investor AB
has shown in NASDAQ OMX by increasing its holding to become a leading and
engaged shareholder.'
About The NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
with approximately 3,600 listed companies. NASDAQ OMX Group offers multiple
capital raising solutions to companies around the globe, including its U.S.
listings market; NASDAQ OMX Nordic, including First North, NASDAQ OMX Baltic
and the U.S. 144A sector. The company offers trading across multiple asset
classes including equities, derivatives, debt, commodities, structured products
and ETFs. NASDAQ OMX Group technology supports the operations of over 70
exchanges, clearing organizations and central securities depositories in more
than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal
entities but describe the common offering from NASDAQ OMX Group exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit www.nasdaqomx.com. *Please follow NASDAQ
OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and
Twitter (http://www.twitter.com/nasdaqomx).
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements
that involve a number of risks and uncertainties. NASDAQ OMX cautions readers
that any forward-looking information is not a guarantee of future performance
and that actual results could differ materially from those contained in the
forward-looking information. Such forward-looking statements include, but are
not limited to (i) statements about the planned acquisition of FTEN and the
expected benefits of such acquisition, (ii) statements about market demand for
FTEN's products and services and, more generally, about the need for
risk-management solutions, (iii) statements about FTEN's business prospects
following the planned acquisition, and (iv) other statements that are not
historical facts. Forward-looking statements involve a number of risks,
uncertainties or other factors beyond NASDAQ OMX's control. These factors
include, but are not limited to, NASDAQ OMX's ability to implement its
strategic initiatives, economic, political and market conditions and
fluctuations, government and industry regulation, interest rate risk, U.S. and
global competition, and other factors detailed in NASDAQ OMX's filings with the
U.S. Securities Exchange Commission, including its annual reports on Form 10-K
and quarterly reports on Form 10-Q which are available on NASDAQ OMX's website
at http://www.nasdaqomx.com and the SEC's website at www.sec.gov. NASDAQ OMX
undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise.
NDAQG
CONTACT: The NASDAQ OMX Group, Inc.
Media Contact:
Frank De Maria
+1 212 231 5183
frank.demaria@nasdaqomx.com
Investor Contact:
Vincent Palmiere
+1 301 978 5242
Vincent.palmiere@nasdaqomx.com
News Source: NASDAQ OMX
16.12.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: The NASDAQ OMX Group, Inc.
US
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
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Datum: 16.12.2010 - 15:28 Uhr
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News-ID 316900
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