Borse Dubai's vision: beat out Nasdaq for OMX, go global
Article Abstract:
United Arab Emirates holding company Borse Dubai is competing with Nasdaq Stock Market Inc. for stakes in Swedish exchange operator OMX AB. Borse Dubai bought a 4.9% stake at $33.97 per share, with options to purchase an addition 22.5% at that price. Borse Dubai argues that it offers OMX better Mideast development opportunities than Nasdaq; however, OMX has already agreed to be bought by Nasdaq.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Borse Dubai raises bid for OMX to $4.9 billion
Article Abstract:
United Arab Emirates stock exchange operator Borse Dubai increased its offer for Sweden's OMX AB by 15% to approximately $4.9 bil in response to a move by its rival, the Qatar Investment Authority, to buy a 9.98% stake in OMX.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
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