Euronext: eyes on Oslo Stock Exchange
(CercleFinance.com) - Euronext has said that it has approached the board of directors of Oslo Børs VPS, the operator of the Norwegian Stock Exchange, to seek its support for a cash tender offer of 6.
24 billion Norwegian kronor, or 625 million euros for all the outstanding shares of Oslo Børs VPS, the Norwegian Stock Exchange.
The proposed price of 145 Norwegian kronor per share would represent a premium of 34% on the weighted average price of volumes over the past three months. Euronext already claims shareholder support from 49.6% of outstanding Oslo Børs VPS shares.
"Oslo Børs VPS' unique strategic and competitive positioning, including a global leading position in seafood derivatives and a deep-rooted expertise in oil services and shipping, would further strengthen Euronext's position as the leading market infrastructure for the financing of the real economy in Europe," Euronext said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
24 billion Norwegian kronor, or 625 million euros for all the outstanding shares of Oslo Børs VPS, the Norwegian Stock Exchange.
The proposed price of 145 Norwegian kronor per share would represent a premium of 34% on the weighted average price of volumes over the past three months. Euronext already claims shareholder support from 49.6% of outstanding Oslo Børs VPS shares.
"Oslo Børs VPS' unique strategic and competitive positioning, including a global leading position in seafood derivatives and a deep-rooted expertise in oil services and shipping, would further strengthen Euronext's position as the leading market infrastructure for the financing of the real economy in Europe," Euronext said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.