Nasdaq Outlines Strategy To Deliver Growth; Reaffirms Medium-Term Outlook
Portfolio Pulse from Benzinga Newsdesk
Nasdaq has outlined its strategy for growth and reaffirmed its medium-term outlook, focusing on achieving synergy and deleveraging targets from the Adenza integration. The company aims to realize 70% of its targeted $80 million in net expense synergies ahead of schedule by the end of 2024. Additionally, Nasdaq plans to accelerate its deleveraging process, intending to reach a 4.0x leverage ratio 9-12 months earlier and a 3.3x leverage ratio at least 6 months before its previously announced targets.
March 05, 2024 | 12:03 pm
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Nasdaq aims to achieve significant expense synergies and accelerate deleveraging following Adenza integration, indicating strong financial management and growth potential.
Nasdaq's announcement of achieving a significant portion of its synergy targets ahead of schedule and its accelerated deleveraging plan are positive indicators of the company's financial health and operational efficiency. This strategic focus on growth and financial stability is likely to be viewed favorably by investors, potentially leading to a positive short-term impact on Nasdaq's stock price.
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