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Dubai bid deemed 'equal for all'
- United Arab Emirates: Tuesday, September 11 - 2007 at 09:03
A private self-regulatory body has ruled that Borse Dubai treated all OMX shareholders equal while making a takeover offer, reported Gulf News. In response to a query from the OMX board, Sweden's Securities Council concluded that the shareholders who entered into options agreements with Borse Dubai, prior to the full bid, did not receive better terms than others. However, the the council noted that Borse Dubai violated the generally accepted principles in the announcement of the book building process by not providing enough information.
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Jeff Florian, Senior ReporterTuesday, September 11 - 2007 at 09:03 UAE local time (GMT+4)
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