COPENHAGEN, Denmark | Euronext in bidding war with Nasdaq for Oslo stock exchange

11Feb - by Editor - 0 - In STL.News

COPENHAGEN, Denmark (AP) — Netherlands-based Euronext has increased its offer to acquire the Oslo stock exchange, stepping up a bidding war with rival Nasdaq, which owns all the other bourses in the Nordic-Baltic region.

Euronext offered Monday 158 kroner ($18.25) per share, up from a previous bid of 145 kroner. It reportedly values the company at 6.79 billion kroner ($784 million) and is 6 kroner above the offer from Nasdaq, whose bid is due to expire at the end of the day.

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