Business | Markets
Borse Dubai to submit bid supplement for OMX deal
Borse Dubai, which has bid $4.9 billion for stock exchange owner and operator OMX, said yesterday it would register a supplement to its bid after OMX published it full-year accounts last week.
- Reuters
- Published: 21:06 February 1, 2008
Stockholm: Borse Dubai, which has bid $4.9 billion for stock exchange owner and operator OMX, said yesterday it would register a supplement to its bid after OMX published it full-year accounts last week.
A spokesman said the supplement was purely administrative. "We don't think there is any new information that could affect the value [of OMX]," he said.
"Yesterday OMX made public its Financial Report Year End 2007. As the report contains information that may affect the assessment of the offer, Borse Dubai will issue a supplement to its offer document," Borse Dubai said in a statement.
OMX shareholders will have a right to withdraw their acceptances of the offer during five business days from the registration and publication of the supplement.
Share this article
More from Markets
More from Business
Popular in Business
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
Shaikh Mohammad reaffirms UAE unity
Vice-President quashes talk of discord and reassures investors on the strength of Dubai's economy
-
Pizzazz on the palm: A Nikki Bisiker project
Bright, bold and ultra glam are the top notes of this apartment in The Palm Jumeirah's beautiful marina
-
flydubai starts service to Sudanese capital
Dubai's first low cost airline, celebrated its eighth inaugural flight in less than six months
