Sweden approves Dubai's OMX offer
Swedish Financial Supervisory Authority has approved Borse Dubai's 32 billion crown (euro 3.6 billion) cash offer for Nordic stock exchange operator OMX AB, Borse Dubai said in a statement on Saturday. This translates into an 'all-cash offer' at euro 28.21 for each share to the shareholders of OMX, Borse Dubai said in the statement. The bid has also been recognised by the financial supervisory authorities in Iceland and Finland.
The move comes a few days after the US authorities cleared the deal involving Nasdaq. Once the offer is completed, Nasdaq will buy all of Borse Dubai's shares in OMX, through a combination of cash and new Nasdaq shares.
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