Nasdaq battles Euronext and makes rival bid on Oslo bors

Nasdaq plans to make a USD 771 million bid for Oslo bors, and by that Nasdaq battles Euronext's bid which was made before Christmas. However, Euronext has pre-approval from equity holders representing over 50 percent, whereas the board of directors of Oslo Bors recommends an approval of Nasdaq's offer.

Photo: Nasdaq

Nasdaq has made a bid for Oslo Bors, and the board of directors recommends that equity holders accept the offer which is NOK 152 per equity including and interest rate of 6 percent per annum on the offer price, says a Nasdaq press release.

The offer price represents a 5 percent premium to the price of the offer to acquire the equities of Oslo Bors VPS made by Euronext of NOK 145 per equity, excluding the interest payment which Euronext has offered to pay.

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