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Heartland Advisors, an investment management company, detailed the transition of MarketAxess Holdings Inc.
(NASDAQ: MKTX) from a recent performance drag to a buyout target in its third-quarter 2026 investor letter for the Heartland Mid Cap Value Fund.
The company that owns the New York Stock Exchange has announced its intent to acquire MarketAxess for $167 per share in cash, a development that resolves a difficult second quarter for value-oriented investors who had held the stock.
MarketAxess operates an electronic trading platform serving institutional investors and broker-dealer firms.
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