Nasdaq makes $3.3 billion offer for Nordic bourse OMX
12 Apr 2007
Mumbai: Top US electronic stock exchange Nasdaq Stock Market Inc. has made a 23 billion Swedish crown ($3.33 billion) bid for Nordic bourse OMX, Swedish business daily Dagens Industri reported quoting sources.
OMX owns and operates the exchanges in Stockholm, Helsinki, Copenhagen, Reykjavik and the Baltic countries.
Nasdaq had offered 192 crowns per share for the Nordic and Baltic exchange owner and technology firm, the web page report said, adding that the bid level was uncertain.
OMX board had received the indicative bid nearly two weeks ago and OMX had last week opened up its books for Nasdaq due diligence. OMX''s board was set to meet on April 12 to discuss the bid, the paper said.
The London Stock Eechange (LSE) had rejected an offer from OMX in 2000.
The Swedish government, OMX''s second-biggest owner after investment firm Investor, has said it plans to sell its 6.6 per cent stake in OMX as part of the country''s biggest privatisation programme ever.