Exchange operator Nasdaq OMX Group Inc. said Friday it priced an underwritten public offering of $370 million of 5.250 percent senior notes due 2018.
Net proceeds will be used to repay senior unsecured indebtedness that it expects to incur to finance the purchase of about 22.8 million shares of its common stock from Borse Dubai Limited, its largest stakeholder.
Nasdaq had announced the buyback on Thursday, surprising investors because it was buying more shares than had been expected.
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