(RTTNews.com) - Nasdaq AB, an indirect wholly-owned subsidiary of Nasdaq, Inc. (NDAQ), published the offer document for its public offer to acquire all of the issued shares of Oslo BÃ¸rs VPS Holding ASA for NOK 152 per share.
Nasdaq AB is offering NOK 152 in cash per share in Oslo BÃ¸rs VPS, plus an interest payment of 6% per annum on the Offer Price, pro-rated per day from 29 January 2019 until the conditions to the Offer have been fulfilled or waived.
Nasdaq noted that the Offer can be accepted from 4 February 2019 to and including 4 March 2019 (subject to extension and re-opening).
The Offer Price represents a 5% premium to the price of the offer to acquire the shares of Oslo BÃ¸rs VPS made by Euronext NV of NOK 145 per share, excluding the interest payment which Euronext has offered to pay.
The Offer Price values the entire issued share capital of Oslo BÃ¸rs VPS at NOK 6.537 billion, or approximately $770 million, and represents a premium of 38% to the undisturbed closing price of the Oslo BÃ¸rs VPS shares on the NOTC on 17 December 2018.
Nasdaq said it has obtained pre-acceptances of the Offer from shareholders representing approximately 35.20% of the shares in Oslo BÃ¸rs VPS, including DNB Livsforsikring ASA (DNB), Kommunal Landspensjonskasse (KLP), Must Invest AS, Sparebanken Vest, MP Pensjon PK, SpareBank1 Gruppen, Eika Gruppen and Oslo BÃ¸rs VPS' President and Chief Executive Officer, Bente A. Landsnes.
The pre-acceptances include an obligation not to accept the offer made by Euronext NV and are irrevocable and unconditional, including in the event of a higher offer, until the long stop date of 31 December 2019.
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