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Nasdaq makes offer to buy Oslo Stock Exchange

 By The Associated Press  January 30, 2019 at 3:22am
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COPENHAGEN, Denmark (AP) — Nasdaq has made an offer to acquire the Oslo stock exchange, the last trading place in the Nordic-Baltic region it doesn’t own.

Bente A. Landsnes, head of Oslo Boers, recommended Wednesday that shareholders accept the offer and decline a rival bid by Euronext, saying it was “the best alternative for all stakeholders.”

Nasdaq Nordic Chairman Lauri Rosendahl said the plan was not to turn the region into one market but maintain eight separate stock exchanges.

Nasdaq Nordic, which is behind the stock exchanges in Sweden, Denmark, Finland, Iceland and the three Baltic countries, offered 152 kroner ($17.88) in cash per share. That values the company at 6.5 billion kroner ($769 million) and was 7 kroner above an offer from Euronext.

Founded in 1819, the Oslo Boers has 220 companies listed.

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The Associated Press
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Photo credit: @AP on Twitter
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

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