From: Reuters
Published January 2, 2008 03:27 AM

OMX says board recommends Borse Dubai offer

STOCKHOLM (Reuters) - OMX <OMX.ST> said on Wednesday its board had unanimously recommended a takeover bid by Borse Dubai, which had teamed up with U.S. firm Nasdaq <NDAQ.O> to purchase the Nordic and Baltic exchange owner.

State-run Borse Dubai offered 265 Swedish crowns ($41.41) per share for the firm. After the purchase it will transfer ownership of OMX to Nasdaq in exchange for a stake in the U.S. exchange.

The offer has been approved by regulators in the United States and Sweden.

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