By Sheena Lee
Deal Idea: Is Nasdaq (NDAQ) next in line to buy CBOE? “Nasdaq, I think, is probably the odd man out right now,” said Larry Tabb, founder of research and advisory firm Tabb Group. “You would expect Nasdaq to make the next move.” Given its $5.1 billion market cap and focus on the intensely competitive, low-margin equities business, Nasdaq was more likely to be an acquirer than a target, said Tabb.
CBOE is probably an obvious pick in terms of, “if it’s not a consolidator, it’s probably a target,” said Ed Ditmire, an analyst at Macquarie Securities. (Reuters)
Other Deal Activity:
Wesfarmers (WSFMF.PK ) has been revealed as a bidder for Australia’s biggest ammonia producer after the competition watchdog said it was investigating the conglomerate’s “possible acquisition” of a controlling stake in Burrup Fertilisers. (The Australian)