i was trying to figure out how much the nite warrants could be as a % of optimark, but i do not think they want people to know, but the stake could prove upwards of 20% or more, something i thought to high in a discussion with gary k.
from investorville:
posted 09-13-99 12:32 PM
Last week Merrill Lynch, the nation's biggest brokerage company, bought a 14% stake in Archipelago, the upstart electronic trading network that has applied to become a full-fledged stock exchange. This is the fourth of the fast-growing ECNs that Merrill has invested in. It also has a 10% stake in BRUT, a 33% stake in Primex, and a large undisclosed stake in Optimark.
investorville.com
Terms of the warrants weren't disclosed, but OptiMark said if Knight
exercised them, it could eventually become OptiMark's largest shareholder.
Other shareholders currently include Goldman Sachs Group Inc., Merrill Lynch &
Co. and mutual-fund manager American Century Cos. Dow Jones & Co., publisher of
The Wall Street Journal, has a 6% stake in OptiMark Technologies. The Pacific
Exchange and the National Association of Securities Dealers, parent of the
Nasdaq Stock Market, both have warrants convertible to shares of OptiMark.
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