Nasdaq shares were down around 10% in early trading Monday after the exchange operator said it agreed to acquire Adenza, a maker of software used by banks and brokerages, in a $10.5 billion cash-and-stock deal.
The seller in the transaction is private-equity firm Thoma Bravo, which is poised to get 14.9% of Nasdaq’s outstanding shares as part of the deal, making it one of Nasdaq’s largest shareholders
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-12-2023/card/nasdaq-stock-tumbles-pre-market-after-10-5-billion-acquisition-announcement-gTPioz963jjOraiyaDMS?siteid=yhoof2&yptr=yahoo