Investor supports combination between NASDAQ and OMX
NASDAQ has announced a public offer to combine NASDAQ and OMX. Investor supports the combination and has entered into an agreement to accept NASDAQ’s offer to acquire all outstanding shares in OMX.
Investor owns 12,950,507 shares in OMX representing 10.73% of the capital and votes.
NASDAQ is offering a total consideration of SEK 11.4 billion in cash and 60.6 million new shares in NASDAQ. The offer values OMX at SEK 25.1 billion, or SEK 208* per share.
The offer is designed so that shareholders, for each OMX share held, are being offered 0.502 shares in NASDAQ and SEK 94.30 in cash.
In case NASDAQ offers a so-called mix and match possibility for all shareholders, Investor will commit to accept all shares under certain circumstances. For further information about the transaction, please see separate press release from NASDAQ and OMX.
Investor’s agreement with NASDAQ to accept the offer will lapse in certain circumstances, including if:
• The offer of NASDAQ not being declared unconditional on or before December 15, 2007, or if declared unconditional not having reached two-thirds acceptance level, or
• a competing offer is made with a value of at least SEK 220 per share in OMX prior to the offer of NASDAQ being declared unconditional, or
• the value of the offer from NASDAQ in SEK falls below SEK 190 per share for a period of 15 consecutive trading days.
“We believe the combination carries a strong industrial logic and is attractive to the shareholders of OMX. The new NASDAQ OMX Group creates the world’s premier exchange and technology company. The combination will provide significant benefits for customers and other stakeholders in both companies,” commented Investor’s CEO Börje Ekholm in a statement.
* based on a price on May 23, 2007 of USD 33.19 per share in NASDAQ and a
USD/SEK rate of SEK 6.843.
For further information:
Oscar Stege Unger, Acting Head of Corporate Communications and
Head of Investor Relations
Phone +46 8 614 20 59, +46 70 624 20 59