OMX faces probe over resistance to Borse Dubai
AFP · 4 Sep 2007, 13:45
Published: 04 Sep 2007 13:45 GMT+02:00
"We have started an investigation yesterday in order to see if illegal measures have been taken (by OMX)," said a spokesman for the Finansinspektionen (Fi) authority. "We sent to OMX a list of questions."
Borse Dubai has offered 3.97 billion dollars (2.94 billion euros) for OMX, 13.7 percent higher than a rival bid by US market operator Nasdaq that has the backing of OMX management.
The Swedish market regulator FSA found that the Dubai-based operator had broken the law during the launch of its takeover bid for OMX, but said the company would escape punishment because it subsequently rectified its mistake.