Deals
Euronext Tries to Beat Nasdaq With Raised Bid for Oslo Bors
- Euronext offers 4% more than Nasdaq to win over shareholders
- Oslo exchange board, largest owners have backed Nasdaq bid
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Euronext NV stepped up a struggle with Nasdaq Inc. for control of Oslo Bors, raising its bid for Norway’s main stock exchange to about $790 million.
The Franco-Dutch exchange operator is now willing to pay 158 Norwegian kroner a share, which is about 4 percent more than Nasdaq bid last month. It’s also about 9 percent higher than Euronext’s own previous offer.