Nasdaq Rival Euronext Eyes Higher Bid For Oslo Exchange

Law360, London (February 4, 2019, 1:08 PM GMT) -- Stock market operator Euronext NV indicated Monday it is considering sweetening its original €625 million ($716 million) takeover offer for Oslo Bors VPS after a $770 million counterbid by Nasdaq Inc. won support from the Oslo exchange's board and biggest shareholders. 

The pan-European trading venue reaffirmed in a statement it is sticking to its commitment to buy Norwegian exchange Oslo Bors despite a decision by the Nordic company’s board last week to back a higher bid from Nasdaq.

"Euronext is determined to acquire Oslo Bors VPS and remains committed to a constructive and continuous dialogue with Oslo Bors VPS shareholders, board...

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