Deals
Nasdaq Talks With Carlyle Signal Exchange Takeovers Not Over
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Nasdaq OMX Group Inc.’s talks with Carlyle Group LP about taking the company private are spurring speculation among investors and analysts that a $50 billion wave of attempted exchange deals in the past three years isn’t over.
The discussions between Nasdaq, the second-largest owner of U.S. exchanges, and Carlyle broke down over price, according to a person with direct knowledge of the matter. The company trades at the second-cheapest multiple relative to earnings among 25 exchanges after U.S. equity trading volume dropped for a third year, according to data compiled by Bloomberg.