Big companies have a lot of cash on their balance sheet, and there are a lot medium-size companies that are looking to get bigger by merging with a larger company. |
Nasdaq is saying, we want this asset, we think it's attractive, and if anyone else wants it, they have to go through us to get it. They are increasing the probability that they would win a bidding scenario. |
The world is just waking up to European exchanges. |
Things are going well for investment banks and they're getting better. |