OSLO—Nasdaq withdrew its offer for Oslo Bors on May 27, giving pan-European exchange Euronext free rein to pursue its bid for the Norwegian stock market operator after a five-month battle.
Euronext secured approval from Norway’s Ministry of Finance this month to buy more than 50% of Oslo Bors for 158 Norwegian crowns per share, effectively blocking Nasdaq’s bid. Both had valued one of Europe’s few independent stock market operators at around 6.8 billion Norwegian crowns ($783 million).
