Nasdaq submits bids for the Oslo Stock Exchange – the bid is recommended by the board

The Board of Oslo Børs recommends that the shareholders apply for a bid from the US Nasdaq, which will buy all the shares for NOK 152 per share.

The bid from Nasdaq is seven kroner above an already existing bid from Euronext.

The board of directors of Oslo Børs VPS Holding ASA and the administrative management have unanimously decided to recommend all shareholders in the company to accept the offer from Nasdaq, and not go for the offer from Euronext. This is stated by the Oslo Stock Exchange in a press release on Wednesday morning.

The two largest shareholders in Oslo Børs, DNB and KLP have already pre-accepted the bid from Nasdaq.

In total, shareholders representing 35.11 percent of the total number of shares in Oslo Børs VPS have given irrevocable advance acceptance, the press release states.

Oslo Børs has invited a press conference on its premises at 10 am on Wednesday. Lauri Rosendahl, CEO of Nasdaq Nordics, together with Oslo Børs CEO Bente A. Landsnes and Chairman of the Board Catharina Hellerud.

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