Business Services Industry
Instinet Group Acquired by Nasdaq
Business Wire, Dec 8, 2005
NEW YORK -- Instinet Group Incorporated today announced the close of its acquisition by The Nasdaq Stock Market, Inc.
In connection with the closing, Instinet Group stockholders will receive approximately $5.0881 per share in cash. This amount is in addition to the previously declared dividend of $.32 per share, paid on August 15, 2005, for the sale of Lynch, Jones & Ryan, Inc. to the Bank of New York.
About Instinet Group
Instinet Group, through affiliates, has provided investors with electronic trading solutions and execution services for more than 30 years.
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