Carlyle Group, one of the top private equity firms in the United States to buy Nasdaq OMX Group, has vanished. Nasdaq is also releasing a chance to be a private company, which is no longer traded on the exchange.
Sources in Carlyle justify failure. He said, the company held talks with one of the operators in the U.S. market since three weeks ago.
However, last Monday, the discussion failed. No agreement is suspected to be the cause of the cancellation price of the purchase.
Nasdaq Management revealed a set price it is the most ideal. Management Nasdaq felt, for assessing the company's markets have priced below other similar companies. In addition, management has a responsibility to consider the offer of the other party.
Rich Repetto, an analyst at Sandler O'Neill, said the takeover of Nasdaq is a reasonable action if seen from one perspective. Nasdaq able to generate very strong cash flow.
But on the other hand, it is not clear what can be done Carlyle to increase the value of the Nasdaq are undervalued. Kaya rate, it will become an obstacle to later resell Carlyle Nasdaq to reap the investment.
In fact, the Nasdaq had been already handed okay performance. "Generally, private equity firms think, will require enormous costs to restructure the company. However, it does not apply to Nasdaq because the enterprise has been running efficiently," said Rich.
Nasdaq spokesman, Joseph Christinat, reluctant to respond to market speculation. While the Carlyle could not be reached.
Later, the Nasdaq is on an acquisition. Newest, Thomson Reuters Nasdaq bid complete with contents for U.S. $ 390 million. The plan, they will be passed the first semester of this year.
Bob Greifeld, Nasdaq president, recently also consider buying Euronext, operator exchanges of Paris, Amsterdam, Brussels and Lisbon, if a Dutch company was completely sold.
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