Monday, 12 June 2023

Nasdaq acquires Adenza for $10.5B cash and stock

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The deal, first rumored by the Wall Street Journal early Monday, will have NDAQ pay $5.75B cash and 85.6 million common shares, or approximately $10.5B total, for the provider of risk management and regulatory software to the financial services industry, and will help accelerate "Nasdaq's strategic vision to become the trusted fabric of the world's financial system."

There are concerns that such an outcome could spark a turnaround in U.S. stocks, especially if an uncomfortably strong reading on May inflation — due this coming Tuesday just as the Fed's policy meeting is slated to begin — pushes the central bank toward something even more extreme, like delivering a rate increase on Wednesday despite intimating that it plans to abstain.






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