Skadden, Wachtell Advise on $1.2 Billion NASDAQ Trading Platform Deal

, The Am Law Daily

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Nasdaq OMX Group said Monday it has agreed to pay as much as $1.23 billion to acquire eSpeed, an electronic trading platform that deals in U.S. Treasuries, from BGC Partners. Nasdaq is being advised on the transaction by Skadden, Arps, Slate, Meagher & Flom, while BGC has turned to Wachtell, Lipton, Rosen & Katz.

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