LSE Bid Failure Puts Pressure on Nasdaq - The Nasdaq Stock Market Inc., having failed in its $5.3 billion hostile takeover bid for the London Stock Exchange, is now seen scrambling to lay out a European strategy that will appease its shareholders and ensure that it won't be left behind as other major exchanges consolidate. The world's largest electronic equities exchange was dealt a crushing defeat Saturday by LSE shareholders who overwhelmingly opted not to accept the bid. The Nasdaq's dogged pursuit of the British bourse lasted almost a year and left Nasdaq empty-handed as rival operators NYSE Group Inc.
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