Borse Dubai submits offer for OMX
AFP · 15 Sep 2007, 11:40
Published: 15 Sep 2007 11:40 GMT+02:00
The FI added that it now had three months to complete its review of the offer.
Borse Dubai is competing with US market operator Nasdaq to buy OMX, which operates exchanges in Copenhagen, Stockholm, Helsinki, Reykjavik, Riga, Tallinn and Vilnius.
Borse Dubai has offered $3.97 billion for OMX, 13.7 percent higher than a rival bid by Nasdaq, which has the backing of OMX management.