Summary
This 8-K filing from NASDAQ, INC. (NDAQ) on November 13, 2007, reports a significant secondary offering of the company's common stock. Specifically, on November 8, 2007, the company facilitated the sale of 23,545,368 shares of its common stock by certain selling stockholders, including Hellman & Friedman Capital Partners funds, to Morgan Stanley & Co. Incorporated, acting as underwriter. The shares were sold at a price of $43.26 per share. It is crucial for investors to note that NASDAQ, INC. itself will not receive any proceeds from this sale. The transaction utilized the company's existing shelf registration statement on Form S-3. This filing primarily concerns the entry into a material definitive agreement related to this stock sale, with the purchase agreement itself being filed as an exhibit.
Key Highlights
- 1NASDAQ, INC. entered into a purchase agreement on November 8, 2007, for the sale of its common stock.
- 2A total of 23,545,368 shares of common stock were sold.
- 3The sale was conducted by specific selling stockholders, including Hellman & Friedman Capital Partners funds.
- 4Morgan Stanley & Co. Incorporated acted as the underwriter for this transaction.
- 5The sale price for the shares was $43.26 per share.
- 6NASDAQ, INC. will not receive any proceeds from this sale of shares by the selling stockholders.
- 7The sale was made under the company's shelf registration statement on Form S-3.