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Nasdaq Moves Toward Goal of Becoming Private Investment Firm.
Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News) Publication Date: 29-MAR-01 |
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COPYRIGHT 2001 Daily News
Byline: Judith Schoolman
Mar. 29--The Nasdaq stock market took a leap toward its goal of becoming a private, for-profit company by selling a 10 percent stake to an investment firm for $240 million yesterday.
"This was an important step. We're not doing it lightly," Nasdaq chairman Frank Zarb said.
The deal with San Francisco investment firm Hellman & Friedman -- which has invested...
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