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.