Nasdaq and OMX plan to merge

The US-based technology exchange Nasdaq and the North-European operator OMX have announced their intention to merge. As the two companies had announced last Friday, Nasdaq offers $3.7 bln or 208.1 Swedish Krona for each share of OMX. This offer is supported by the OMX management and by major stakeholders of both companies. Last Thursday the shares of the two companies were suspended from trading.

OMX operates exchanges in Stockholm, Kopenhagen and the Baltic states. Due to the current consolidation pressure, Nasdaq intends to extend beyond the American market.

Source: Neue Z├╝rcher Zeitung


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