Nasdaq to offload its LSE stake

London, Aug. 20: The Nasdaq Stock Market, facing a challenge to its bid for a Nordic exchange, said on Monday it will offload its 31 per cent stake in LSE. Nasdaq, which built up its ownership in LSE during a takeover attempt earlier this year, said the stock price does not reflect the value of its stake in LSE. The LSE fended off Nasdaq’s $5.3 billion offer in March and has since become a buyer itself, picking up Borsa Italiana SpA for 1.63 billion euros.