Investor doubles up on NASDAQ OMX shares

The Local/dl
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Investor doubles up on NASDAQ OMX shares

Swedish holding company Investor has agreed to double its stake in the NASDAQ OMX Group, the company announced on Thursday.


The Wallenberg family investment company has agreed to purchase 8 million NASDAQ OMX shares in a share forward transaction with Japan-based conglomerate Nomura.

The deal was struck at a forward purchase price of $21.80 per share for a total purchase price of $175 million.

Investor currently owns around 9 million shares in NASDAQ OMX Group, corresponding to a 4.6 percent ownership stake.

After the deal, Investor’s stake in the stock exchange operator will roughly double to 9.7 percent of outstanding shares.

“We are excited about this opportunity to become a leading shareholder in NASDAQ OMX, a company with very strong market positions and a unique brand in an industry we know well,” Investor CEO Börje Ekholm said in a statement.

“We are convinced that this investment will be very attractive for our shareholders.”

In October, Investor reported its net assets had grown by 9 percent in 2010 to 152.4 billion kronor ($22.9 billion).

At the time, Ekholm indicated the firm was on the lookout for new investments saying, "We remain prepared to invest when we find the valuation attractive."


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