Nasdaq to acquire Carpenter Moore, management liability specialists; Acquisition establishes NASDAQ insurance business as top 10 provider of management liability insurance.

0 Comments | M2 Presswire, September, 2005

M2 PRESSWIRE-7 September 2005-NASDAQ: Nasdaq to acquire Carpenter Moore, management liability specialists; Acquisition establishes NASDAQ insurance business as top 10 provider of management liability insurance(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:07092005 New York -- The Nasdaq Stock Market, Inc.

(NASDAQ ; NDAQ), announced today that it has entered into a definitive agreement to acquire Carpenter Moore Insurance Services, Inc. ("Carpenter Moore"), a privately held, San Francisco-based insurance brokerage firm specializing in management liability. As a result of this transaction, NASDAQ's insurance business will be ranked as a top 10 provider of management liability insurance with a total of seven offices throughout the country, serving over 2,000 existing...