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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?

To: Nanchate who wrote (3397)	3/3/2000 11:11:00 AM
From: Nanchate	Read Replies (1) \| Respond to of 4443

OT-Instinet and Datek discussed merger-WSJ live.altavista.com Instinet and Datek discussed merger - WSJ 03/02/00 -------------------------------------------------------------------------------- NEW YORK, March 3 (Reuters) - Reuters Group Plc's Instinet and Datek Online Holdings Corp recently held serious talks concerning a merger that would have created a giant electronic marketplace handling about one-quarter of all trading in Nasdaq stocks, the Wall Street Journal reported Friday. The talks have since been dropped, people familiar with the matter told the Journal. The combination would have been billed as a merger of equals, although Instinet would have owned slightly more than half of the merged entity, which later would have had an initial public offering, people familiar with the matter told the Journal. The Journal said it was unclear if talks would resume. Reuters spokeswoman Nancy Bobrowitz said the company had no comment on the report. The Journal said representatives from Iselin, N.J.-based Datek also declined to comment. The main reason the talks did not proceed further was antitrust concerns, people with knowledge of the negotiations told the Journal. Together, trading on New York-based Instinet and Datek's 85-percent-owned Island ECN make up two-thirds of the volume of stocks traded on electronic networks, the Journal said. REUTERS