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Nasdaq bids $771 million for Oslo Bors in Euronext challenge

Reuters  |  OSLO 

By Terje Solsvik and Gwladys FoucheOSLO (Reuters) - Nasdaq Inc on Wednesday made a rival bid for Oslo Bors VPS, setting up a takeover battle with Euronext for the 200-year-old Norwegian stock market operator. Nasdaq's bid of 152 Norwegian crowns per share, valuing Oslo Bors at 6.54 billion crowns ($771 million), topped Euronext's bid of 145 crowns per share. Nasdaq's bid plan has the unanimous backing of the Oslo exchange's board as well as 30 percent of shareholders.Euronext has said shareholders representing just over 50 percent of Oslo Bors' shares had committed to sell at its offer ...

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First Published: Wed, January 30 2019. 23:01 IST