Euronext announces another extension to acceptance period of its offer for Oslo Bors
Euronext will continue to receive acceptances of the Offer up to end-May 2019 at 18:00 CET.
Euronext NV (EPA:ENX) has just announced another extension to the acceptance period for its offer for Oslo Bors. Euronext will continue to receive and accept acceptances of its offer to acquire Oslo Bors’s outstanding shares up to May 31, 2019 at 18:00 Central European Time. All other terms of its offer as revised remain unchanged.
As previously announced on April 8, 2019, Euronext received the Norwegian Financial Supervisory Authority’s (Finanstilsynet) advice to the Norwegian Ministry of Finance, recommending that Euronext should be approved as a suitable owner of up to 100% of the capital of Oslo Børs VPS, as applied for, without ownership or other restrictions. Euronext says that it currently awaits final approval from the Norwegian Ministry of Finance that is expected mid-May 2019.
Euronext also reconfirms that it will ensure that all remaining shareholders will get an opportunity to tender their shares to Euronext on the same terms in connection with or following such final regulatory approval and fulfillment of all offer conditions, through an extended, new or re-opened offer.
Euronext has been engaged in a bidding race with Nasdaq over the acquisition of Oslo Bors. Last week, Nasdaq also extended the acceptance period for its offer for Oslo Bors to May 31, 2019. Both companies have offered NOK 158 per share of Oslo Bors. Nasdaq has also stressed its commitment to combining with Oslo Børs VPS and voiced its confidence that the Offer represents the best solution for supporting the Norwegian capital market and uniting a strong Nordic financial ecosystem for long term, sustainable growth. Further, Nasdaq has noted that, on April 8, 2019, the recommendation to the Ministry of Finance by the Financial Supervisory Authority of Norway to approve Nasdaq as a qualified owner of Oslo Børs VPS was announced.