Nasdaq said to mull Philadelphia deal

Report: No. 2 U.S. exchange seeks to expand options offerings with deal for regional market.


NEW YORK (CNNMoney.com) -- Nasdaq Stock Market Inc., the nation's second-largest stock exchange, is in talks to acquire the Philadelphia Stock Exchange in an effort to expand its options offerings, according to a report published online.

The Wall Street Journal's online edition, in a Wednesday-dated story, cited people familiar with the situation in saying the two exchanges have been talking for months, and that a deal isn't imminent. It said any deal would take several weeks to complete.

The article values the Philadelphia exchange at between $250 million and $300 million.

Shares of Nasdaq (Charts), second in size to NYSE (Charts), rose 8 cents to $29.63 Tuesday.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.