Euronext in bidding war with Nasdaq for Oslo stock exchange
{{#rendered}} {{/rendered}}Netherlands-based Euronext has increased its offer to acquire the Oslo stock exchange, stepping up a bidding war with rival Nasdaq, which owns all the other bourses in the Nordic-Baltic region.
Euronext offered Monday 158 kroner ($18.25) per share, up from a previous bid of 145 kroner. It reportedly values the company at 6.79 billion kroner ($784 million) and is 6 kroner above the offer from Nasdaq, whose bid is due to expire at the end of the day.
Oslo Boers has indicated it prefers a deal with Nasdaq. Nasdaq already operates the main stock exchanges in Sweden, Denmark, Finland, Iceland and the three Baltic countries.
{{#rendered}} {{/rendered}}Euronext, which operates six exchanges in Europe, said the acceptance period was extended to March 11. It launched its first bid on Dec. 28.