Nasdaq Inc
NDAQ: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$96.00 | Fhtlgzk | Xdvwsxwq |
Nasdaq Acquires Adenza at a Hefty $10.5 Billion Price Tag; Fair Value Estimate Reduced to $55
Narrow moat-rated Nasdaq announced that it intends to acquire Adenza, a provider of risk management and post-trade reporting software, for $10.5 billion. Nasdaq intends to pay for the deal with a mix of $4.75 billion in cash and by issuing more than 85 million shares. The deal will leave Thoma Bravo with nearly 15% of Nasdaq and the other firm will be able to nominate Holden Spaht to Nasdaq's board.