NEW YORK, Jun 22, 2021 (GLOBE NEWSWIRE) – Nasdaq, Inc. (Nasdaq: NDAQ) today announced that it has obtained all necessary regulatory and self-regulatory clearances for the previously announced sale of its US fixed income business, Nasdaq Fixed Income (NFI) to Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for interest, credit, equity and money markets.
Nasdaq expects the proposed NFI transaction to close on or about June 25, 2021.
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CAUTION ON FORWARD-LOOKING STATEMENTS
This release contains forward-looking information regarding Nasdaq and Nasdaq’s proposed sale of the Nasdaq Fixed Income business to an affiliate of Tradeweb Markets, which transaction involves significant risks, uncertainties and assumptions that could cause actual results to be material differ from those stated or implied by such statements. When words such as “will,” “enable,” “intend,” “expects,” and similar expressions, and other statements that are not historical facts are used in this release, it is intended to identify forward-looking statements. Forward-looking statements in this release include, among other things, statements about the expected timing of the completion of the proposed transaction. Risks and uncertainties include, but are not limited to, the ability of Nasdaq to complete the proposed transaction on time or at all; the ability to realize the expected benefits of the proposed transaction, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected timeframe; Interruption due to the transaction, which makes it difficult to maintain business and operational relationships; Risks associated with the distraction of management’s attention from the ongoing business of Nasdaq; the negative impact of the announcement or completion of the proposed Transaction on the market price of Nasdaq common shares or on Nasdaq’s results of operations; significant transaction costs; unknown liabilities; the risk of litigation or regulatory action in connection with the proposed transaction; future levels of debt of Nasdaq, including additional debt that may arise in connection with the proposed transaction; and the effects of the announcement or pendency of the Transaction on Nasdaq’s business relationships, results of operations, and business in general.
For more information about these and other risks and uncertainties relating to Nasdaq, please see its reports filed on Forms 10-K, 10-Q, and 8-K and other filings that Nasdaq may from time to time with the SEC and can be found at www. sek.gov. These documents are also available on the Investor Relations section of the Nasdaq website at http://ir.nasdaq.com/investor-relations. The forward-looking statements contained in this release speak only as of the date of this release. Nasdaq disclaims any obligation to update these forward-looking statements unless required by law.
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