Oslo Børs: recommends Nasdaq bid, not that of Euronext
(CercleFinance.com) - Oslo Børs confirms that the Nasdaq, one of the major US financial centers which is already present in Northern Europe, is preparing to launch a takeover bid at 152 Norwegian kronor in cash, i.
e. about 5% above Euronext's proposal of 145 kronor.
This offer is recommended by Oslo Stock Exchange's Board of Directors and management.
"The Board of Directors of Oslo Børs VPS considers that the Offer is the best alternative for all stakeholders (including shareholders, issuers, investors, banks and investment banks operating in the Norwegian capital market) and therefore unanimously recommends that the shareholders of Oslo Børs VPS accept the Offer and do not accept the offer to acquire the shares of Oslo Børs VPS made by Euronext,"it said in a statement.
The Nasdaq claims irrevocable contribution commitments from shareholders concentrating 35.1% of the capital of Oslo Børs, including the two main of them, DNB and KLP. The transaction is expected to have an accretive impact on Nasdaq's EPS within 12 months of completion.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
e. about 5% above Euronext's proposal of 145 kronor.
This offer is recommended by Oslo Stock Exchange's Board of Directors and management.
"The Board of Directors of Oslo Børs VPS considers that the Offer is the best alternative for all stakeholders (including shareholders, issuers, investors, banks and investment banks operating in the Norwegian capital market) and therefore unanimously recommends that the shareholders of Oslo Børs VPS accept the Offer and do not accept the offer to acquire the shares of Oslo Børs VPS made by Euronext,"it said in a statement.
The Nasdaq claims irrevocable contribution commitments from shareholders concentrating 35.1% of the capital of Oslo Børs, including the two main of them, DNB and KLP. The transaction is expected to have an accretive impact on Nasdaq's EPS within 12 months of completion.
Copyright (c) 2019 CercleFinance.com. All rights reserved.