US$652 million acquisition of the Philadelphia Stock Exchange, Inc.
Our attorneys represented The NASDAQ OMX Group, Inc. in its acquisition of the Philadelphia Stock Exchange, Inc. for an aggregate purchase price of US$695 million. Prior to the acquisition, the Philadelphia Stock Exchange was the third largest options market in the US and the nation's oldest stock exchange. As part of the transaction, which closed in July 2008, NASDAQ OMX also acquired a futures market operated by the Philadelphia Board of Trade, an equities business, and the Stock Clearing Corporation of Philadelphia. The firm handled all aspects of the transaction, including corporate and securities, antitrust, tax, employee benefits, and intellectual property.