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Is Nasdaq a Buy, Sell, or Hold After Its $10.5 Billion Adenza Acquisition?

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Is Nasdaq a Buy, Sell, or Hold After Its $10.5 Billion Adenza Acquisition?: https://g.foolcdn.com/editorial/images/736510/mergers-and-acquisitions-chess-board.jpg

With its recent acquisition of risk management and regulatory software specialist Adenza from private equity firm Thoma Bravo, (NASDAQ: NDAQ) continued its transformation into a leading technology provider to the financial industry.

However, after the announcement of the $10.5 billion deal, the market sent Nasdaq's shares down by more than 10%.

Compared to the company's current market capitalization of $26 billion, the $6 billion in additional debt it will have to take on to fund the deal seemingly has the market worried -- or, at least, skeptical about the premium that Nasdaq is paying.

Source Fool.com

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