Nasdaq, Borse Dubai Reach Agreement

Skadden represented Nasdaq in agreements reached with Borse Dubai and announced in September 2007. Under the agreements, Nasdaq will support Borse Dubai in its offer for OMX, the leading stock exchange in the Nordic region, and will acquire all of the shares of OMX owned by Borse Dubai following the completion of Borse Dubai's offer. In exchange, Borse Dubai will receive cash and approximately 60.6 million shares of Nasdaq (with Borse Dubai holding 19.9% of Nasdaq's outstanding shares and the remainder placed in a trust for Borse Dubai's benefit). Additionally, Nasdaq will invest in the Dubai International Financial Exchange, Borse Dubai's exchange subsidiary, and provide Borse Dubai with a license to various aspects of Nasdaq's technology and branding. The transactions will create a global exchange company with significant operations in the United States, Europe and the Middle East, and the combined company will provide the software that powers more than 60 stock exchanges around the world.

Separately, Skadden also represented Nasdaq in its sale of 28% of the share capital of the London Stock Exchange to Borse Dubai. This transaction closed in September 2007.