2.42 PM Friday, 29 September 2023
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:53 06:07 12:12 15:35 18:11 19:25
29 September 2023 $dmi_content.escapeHtml4($rs.get('weather.code.w${report.significantWeather.code}')) Max: 35 °

Borse Dubai extends OMX offer

By Agencies

Borse Dubai said on Friday it was extending the acceptance period for its agreed bid for OMX and expecting to hold about 97.6 per cent of shares in the Nordic bourse operator after exercising options.


Borse Dubai said in a statement it extending the acceptance period to February 29. At present, owners of 68.6 per cent of shares had accepted the offer, it added. "Following settlement of the options, Borse Dubai is expected to hold in aggregate 117,773,056 shares in OMX, representing approximately 97.6 per cent of the total number of shares and votes in OMX," it said in a statement.


Borse Dubai has teamed up with US exchange Nasdaq to buy OMX for 265 crowns per share, after which it plans to transfer the company to Nasdaq in exchange for a stake in the combined group.  (Reuters)