Withdrawal of offer for Norwegian stock exchange leaves open path for rival Euronext to complete acquisition.
Tag: Oslo Bors
Group’s shareholders unanimously approve acquisition of Oslo-based exchange after receiving clearance from Norwegian Ministry of Finance.
Nasdaq acquires 844,071 shares in Oslo Børs, taking its total ownership of the Norwegian exchange to 37%.
Nasdaq has matched an offer made by Euronext to acquire Oslo Bors and lowered the barriers for shareholder acceptance on the deal.
Exchange operator commits to ‘strategic project’ for Oslo Børs with improved bid to fend offer Nasdaq.
Euronext could increase its bid for Oslo Bors after it was outbid by Nasdaq last week for the takeover.
Exchange group has said it has unanimous approval from the board of directors at Oslo Bors to acquire the Norwegian exchange for $770 million.
Oslo Bors said today that its board of directors has met with other potential buyers after receiving interest from parties other than Euronext.
Oslo Bors has invited bids for its acquisition with a new offer process due to take place this month.
Euronext increases stake in Norwegian stock exchange to support considered €625 acquisition bid.