Monday, September 11, 2006
OMX in early discussions to be bought by NASDAQ
mergermarket.com: "OMX in early discussions to be bought by Nasdaq � report
StoryNasdaq, the US electronic exchange, is in early-stage negotiations to take over Swedish peer OMX, the Financial Times reported. The unsourced article said the potential deal does not affect Nasdaq�s interest in buying the London Stock Exchange, in which it is a 24.1% shareholder. However, the American exchange is thought to have wanted to wait until it could settle the LSE deal before carrying out any others, the item said.
OMX has previously been mooted as a takeover target for several suitors including the LSE, the report said. It added that OMX is believed to have made the first approach to Nasdaq.
Shares in the Swedish business were lifted almost 10% as rumours of the bid circulated the markets at the end of last week, giving the group a value of close to EUR 1.4bn, the article reported.
Both Nasdaq and Credit Suisse, adviser to OMX, declined to make any comment, the report said.
SourceFinancial Times
ValueEUR 1,400m (OMX value Friday 8 Sept) "
StoryNasdaq, the US electronic exchange, is in early-stage negotiations to take over Swedish peer OMX, the Financial Times reported. The unsourced article said the potential deal does not affect Nasdaq�s interest in buying the London Stock Exchange, in which it is a 24.1% shareholder. However, the American exchange is thought to have wanted to wait until it could settle the LSE deal before carrying out any others, the item said.
OMX has previously been mooted as a takeover target for several suitors including the LSE, the report said. It added that OMX is believed to have made the first approach to Nasdaq.
Shares in the Swedish business were lifted almost 10% as rumours of the bid circulated the markets at the end of last week, giving the group a value of close to EUR 1.4bn, the article reported.
Both Nasdaq and Credit Suisse, adviser to OMX, declined to make any comment, the report said.
SourceFinancial Times
ValueEUR 1,400m (OMX value Friday 8 Sept) "
