Euronext makes $730 million cash offer for Oslo Bors

Euronext makes $730 million cash offer for Oslo Bors

Jan 14, 2019 (Agencia EFE via COMTEX) —

Oslo, Jan 14 (efe-epa).- Euronext on Monday made a 6.24 billion Norwegian kroner ($730 million) cash offer for Oslo Bors, according to a report from the Dow Jones newswires made available to EFE.

The pan-European exchange said the offer price of 145 Norwegian kroner a share represents a 32 percent premium on Oslo Bors’s closing price on Dec. 17. Each accepting shareholder will also get an interest payment on the offer price equal to 6 percent a year, said Euronext.

The acceptance period for the offer will expire on Feb. 11 and can be extended if necessary, the company said.

Euronext currently manages the national stock exchanges of five European countries and the Portuguese central securities depository.

Anthony Shevlin

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