Nasdaq Announces Expected Closing Date for Sale of U.S. Fixed Income Business to Tradeweb Markets
June 22 2021 - 4:05PM
Nasdaq, Inc. (Nasdaq: NDAQ) announced today that all required
regulatory and self-regulatory approvals have been obtained for the
previously announced sale of its U.S. fixed income business, Nasdaq
Fixed Income (NFI), to Tradeweb Markets Inc. (Nasdaq: TW), a
leading global operator of electronic marketplaces for rates,
credit, equities and money markets.
Nasdaq expects the closing of the proposed NFI transaction to
occur on or around June 25, 2021.
About NasdaqNasdaq (Nasdaq: NDAQ) is a global
technology company serving the capital markets and other
industries. Our diverse offering of data, analytics, software and
services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
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Twitter @Nasdaq, or at www.nasdaq.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This communication contains forward-looking information related
to Nasdaq and the proposed sale of the Nasdaq Fixed Income business
by Nasdaq to an affiliate of Tradeweb Markets, which transaction
involves substantial risks, uncertainties and assumptions that
could cause actual results to differ materially from those
expressed or implied by such statements. When used in this
communication, words such as “will”, “enable”, “intends”,
“expected” and similar expressions and any other statements that
are not historical facts are intended to identify forward-looking
statements. Forward-looking statements in this communication
include, among other things, statements about the anticipated
timing of closing of the proposed transaction. Risks and
uncertainties include, among other things, risks related to the
ability of Nasdaq to consummate the proposed transaction on a
timely basis or at all; the ability to realize the anticipated
benefits of the proposed transaction, including the possibility
that the expected benefits from the proposed transaction will not
be realized or will not be realized within the expected time
period; disruption from the transaction making it more difficult to
maintain business and operational relationships; risks related to
diverting management’s attention from Nasdaq’s ongoing business
operations; the negative effects of the announcement or the
consummation of the proposed transaction on the market price of
Nasdaq’s common stock or on Nasdaq’s operating results; significant
transaction costs; unknown liabilities; the risk of litigation or
regulatory actions related to the proposed transaction; future
levels of Nasdaq’s indebtedness, including additional indebtedness
that may be incurred in connection with the proposed transaction;
and the effect of the announcement or pendency of the transaction
on Nasdaq’s business relationships, operating results, and business
generally.
Further information on these and other risks and uncertainties
relating to Nasdaq can be found in its reports filed on Forms 10-K,
10-Q and 8-K and in other filings Nasdaq makes with the SEC from
time to time and available at www.sec.gov. These documents are also
available under the Investor Relations section of Nasdaq’s website
at http://ir.nasdaq.com/investor-relations. The forward-looking
statements included in this communication are made only as of the
date hereof. Nasdaq disclaims any obligation to update these
forward-looking statements, except as required by law.
Nasdaq Media ContactRyan Wells+1 646 648
3887ryan.wells@nasdaq.com
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