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Thursday, June 09, 2005

Fear And Loathing On Wall Street

NEW YORK - Add Nasdaq to the growing list of companies that have to fend off deal-busters.

Third Avenue Management, a New York firm that invests in low-priced stocks and distressed companies, is pushing for a better sale price for Instinet's institutional brokerage business, which is being shaved off of Instinet's electronic exchange network and sold for $207 million to a group led by private equity firm Silver Lake Partners.

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