Nasdaq gets Swedish regulator''s nod for OMX acquisition
28 Sep 2007
Mumbai: Sweden''s Financial Supervisory Authority (FI) has said US exchange Nasdaq was qualified to be an owner of Nordic exchange firm OMX as it did not expect the development of OMX to be harmed under Nasdaq''s influence.
"FI believes Nasdaq fulfills the legal requirements as a buyer of a qualified stake in OMX," the regulator said in a statement.
Nasdaq along with Borse Dubai raised their bid for OMX to $4.9 billion and said they had control of 47.6 per cent of shares in the Nordic exchange operator.