TOKYO: Nomura Holdings Inc. will acquire major electronic stock broker Instinet from Silver Lake Partners, both Nomura and Instinet said Thursday.
Nomura, which wholly owns Japan's top brokerage Nomura Securities, will acquire a 100 percent stake in Instinet from its majority owner Silver Lake Partners, Nomura said in a statement.
The purchase will be conducted in an all cash transaction which is expected to be completed in the first quarter of 2007, Instinet said in a statement. It did not disclose the purchase price.
Silver Lake, a private-equity firm in Menlo Park, California, bought a majority interest in Instinet from the Nasdaq Stock Market last December for US$208 million (€162 million). The two companies have said that they were planning to sell Instinet or take it public since.
Thursday, November 02, 2006
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment