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REGBARC

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Member Since: 1/2006Last Seen: 10/30/2009

Stockholder anger at sale of Philadelphia exchange

News Type: Event — Seeded on Sun Nov 11, 2007 7:19 PM EST
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The proposed sale of the Philadelphia Stock Exchange to the Nasdaq Stock Market Inc. has some stockholders and former members feeling sour.

They don't object to the $652 million price tag. What riles them is that a Wall Street investor group that paid $33.75 million for 89.4 percent of the nation's oldest exchange just two years ago is getting most of the money.

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