04/02/2019at 13:44

Nasdaq ready to talk with Euronext about Oslo Bors takeover bid

The fight for Oslo Bors grew more intense on Monday as Nasdaq published its formal takeover offer just moments after Euronext NV underscored its determination to acquire Norway’s main exchange.

Hanna Hoikkala and Christian Wienberg, Bloomberg

Nasdaq confirmed its plans, first announced last week, to offer 152 kroner a share for Oslo Bors VPS Holding ASA, valuing it at 6.54 billion kroner (EUR 680 million). Nasdaq, which is offering 5 percent more than its Franco-Dutch rival, already has the backing of the board and the two largest shareholders.

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