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Borse closer to OMX win
- United Arab Emirates: Monday, August 27 - 2007 at 07:31
Analysts believe Borse Dubai's $4bn bid for market operator OMX has moved nearer following the decision by Sweden's Financial Supervisory Authority (FSA) not to take any action against the firm for violating takeover laws, reported Gulf News. The FSA has subsequently recognised Borse's bid to buy OMX and the 13% step up in price, when compared to Nasdaq's $3.7bn offer, could sway hedge fund operators who own 25% of OMX's shares.
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Jonathan Sheikh-Miller, Deputy EditorMonday, August 27 - 2007 at 07:31 UAE local time (GMT+4)
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