Euronext Completes Acquisition of Oslo Børs VPS
- The European exchange has acquired 97.8 per cent of the total issued and outstanding share capital.
After six months, Euronext, a pan-European Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, announced this Wednesday that it has acquired 97.8 percent of the total issued and outstanding share capital of Oslo Børs VPS.
As Finance Magnates reported, Euronext initially published its offer document on the 14th of January this year. Towards the end of May, the exchange announced an unconditional offer to acquire up to 100% of Oslo Børs VPS’s capital.
Following the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term, Euronext will fully consolidate Oslo Børs VPS accounts, the statement published today outlined. The unconditional offer, which was launched on May 31, to acquire the remaining outstanding shares not already owned by the Amsterdam-headquartered firm remains open for acceptance until June 28.
If any outstanding shares remain after this period, Euronext will initiate a compulsory acquisition procedure to acquire any remaining shares not tendered, today’s statement said.
Euronext vs. Nasdaq
Euronext’s journey to acquire Oslo Børs VPS was not without competition. After the exchange published its offer document in January, Nasdaq quickly announced that it would release a counter offer towards the end of the month.
After the initial offers were made at the beginning of the year, Euronext and Nasdaq continued to increase their offers and extended the acceptance periods. However, the deciding factor came in May when Norway’s Ministry of Finance gave clearance to Euronext to acquire up to 100 percent of Oslo Børs’ capital.
With the approval given by the ministry, the pan-European exchange confirmed its intention to complete the acquisition of the exchange and central securities depository operator in Norway by the end of June this year.
Following this decision, Nasdaq AB, an indirect subsidiary of Nasdaq, Inc, withdrew from the race to acquire the issued shares of Oslo Børs VPS, because the minimum acceptance condition needed to complete the transaction was “incapable of being satisfied.”
After six months, Euronext, a pan-European Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, announced this Wednesday that it has acquired 97.8 percent of the total issued and outstanding share capital of Oslo Børs VPS.
As Finance Magnates reported, Euronext initially published its offer document on the 14th of January this year. Towards the end of May, the exchange announced an unconditional offer to acquire up to 100% of Oslo Børs VPS’s capital.
Following the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term, Euronext will fully consolidate Oslo Børs VPS accounts, the statement published today outlined. The unconditional offer, which was launched on May 31, to acquire the remaining outstanding shares not already owned by the Amsterdam-headquartered firm remains open for acceptance until June 28.
If any outstanding shares remain after this period, Euronext will initiate a compulsory acquisition procedure to acquire any remaining shares not tendered, today’s statement said.
Euronext vs. Nasdaq
Euronext’s journey to acquire Oslo Børs VPS was not without competition. After the exchange published its offer document in January, Nasdaq quickly announced that it would release a counter offer towards the end of the month.
After the initial offers were made at the beginning of the year, Euronext and Nasdaq continued to increase their offers and extended the acceptance periods. However, the deciding factor came in May when Norway’s Ministry of Finance gave clearance to Euronext to acquire up to 100 percent of Oslo Børs’ capital.
With the approval given by the ministry, the pan-European exchange confirmed its intention to complete the acquisition of the exchange and central securities depository operator in Norway by the end of June this year.
Following this decision, Nasdaq AB, an indirect subsidiary of Nasdaq, Inc, withdrew from the race to acquire the issued shares of Oslo Børs VPS, because the minimum acceptance condition needed to complete the transaction was “incapable of being satisfied.”