OMX Shares Advance on Report Dubai May Outbid Nasdaq |
| Bloomberg - May 28, 2007 |
Shares of Sweden's OMX AB, Europe's fifth-biggest stock exchange, rose as much as 7.8 percent after London's Sunday Times said Dubai may bid for the company, rivaling an agreed $3.67 billion offer from Nasdaq Stock Market Inc.
OMX shares climbed 11.5 kronor to 211 kronor at 3:35 p.m. in Stockholm, higher than Nasdaq's May 25 bid of 208.1 knonor a share. OMX has a market value of 25.5 billion kronor ($3.73 billion).
OMX is the latest target in an industry that had at least $64 billion worth of acquisitions and joint ventures worldwide since 2005, data compiled by Bloomberg show. Dubai International Financial Center, which last year bought a stake in Euronext NV, would increase its stock-exchange investments with a bid for OMX.
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- Posted: 2007-05-28 10:09:22
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