The board of directors of OMX has recommended to its shareholders that they accept a 25 May offer by NASDAQ to take over the exchange.
The offer was equivalent to 0.502 new NASDAQ shares plus 94.3 Swedish Krona in cash for each OMX share. That is equivalent to SEK 25.1 billion, or USD 3.64 billion.
Investor AB, Nordea Bank AB and Magnus Bcker, CEO of OMX, who hold in aggregate approximately 16.6 percent of all the outstanding shares and votes in OMX, have offered to tender their shares in the offer.