Norway’s Financial Supervisory Authority has concluded that US stock market operator Nasdaq and its European rival Euronext both meet the necessary criteria to acquire the Oslo Stock Exchange, reported the Financial Times.
On Monday, April 8, the Norwegian Financial Supervisory Authority approved both companies as potential buyers of the exchange. The Ministry of Finance is expected to make a final decision in May.
Euronext is aiming to close the takeover saga by the end of June, ending a dispute between shareholders and the board at Oslo, begun when a majority of shareholders sold their stakes to Euronext before Christmas without the Oslo board’s knowledge. Nasdaq has matched Euronext’s NKr158 per share (US$18.49) offer price, which values Oslo at nearly €700 million (US$788.4 million).
Full Content: Financial Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Polish Regulators Probe PS Store and Steam for Antitrust Violations
May 15, 2024 by
CPI
French Regulator Meat-Cutting Sector Case Following Antitrust Review
May 15, 2024 by
CPI
Arizona Attorney General Files Suit Against Amazon Over Unfair Business Practices
May 15, 2024 by
CPI
Varsity Spirit and Private Equity Owners Settle Class Action Antitrust Suit
May 15, 2024 by
CPI
US Senators Present AI Strategy, Call for Funding Surge
May 15, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI