New Dubai Bid for OMX
The owners of the Dubai stock exchange have made a 4 billion US dollar offer for the Stockholm-based Nordic and Baltic stock exchange OMX.
The offer could spark a bidding war for OMX, between the Dubai stock exchange, and the New York-based Nasdaq exchange.
Nasdaq officials have already encouraged OMX shareholders to ignore any Bourse Dubai offer, saying they are committed to buying 100 percent of shares in OMX – a bid worth some 3.7 billion dollars.
The Swedish state, one of the biggest share holders in OMX, with a 6.6 percent stake, has so far not commented on the Dubai exchange bid. In a press release, OMX said management would consider the Dubai exchange’s bid, and make an annoucement to share holders in the near future.