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Nasdaq Matches Euronext's Bid For Norway Exchange

Law360 (March 4, 2019, 7:14 PM EST) -- Nasdaq Inc. on Monday increased its offer to buy Norwegian stock exchange Oslo Bors VPS, matching a competing bid from Euronext NV worth 6.8 billion Norwegian krone ($795 million) as the trading venues look to sway shareholders to their respective sides.

Nasdaq AB bumped its bid for Oslo Bors from 152 kroner per-share to 158 kroner per-share, keeping pace with an effort by Euronext to take over Norway's main stock exchange. Nasdaq said its deal further provides an interest payment of 6 percent per year, an amount that is in line with the Euronext bid. 

Nasdaq also lowered the number of Oslo Bors shares...

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