Borse Dubai submitted today an offer document to FI for approval concerning its bid for OMX. The handling period is normally 10 business days, but it can be extended if the document needs to be completed.
FI began an investigation on 3 September 2007 into whether the management of OMX AB had taken any prohibited protective measures according to the Act on Takeovers in the Stock Market. The investigation has not shown that any such measures were taken and is thereby closed.
Nasdaq submitted on 20 August an offer document to FI for approval concerning its bid for OMX. An assessment is currently underway but the handling period, which in this case is 20 business days, will be extended because of the document needs to be completed. The reason that the handling period is 20 days is that this offer contains shares.
Borse Dubai states that the company will submit an ownership application in the beginning of next week. FI has three months to complete its assessment in accordance with Swedish legislature.
Nasdaq submitted an ownership application on 3 July. FI’s Board of Directors will make a decision on 27 September.
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The regulatory framework for takeover bids
Lag (2006:451) om offentliga uppköpserbjudanden på aktiemarknaden (in Swedish)