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Synopsis
Euronext, a pan-European exchange, and Nasdaq were bidding for Oslo Bors, a Norwegian exchange operator. Euronext's $789m bid was matched by Nasdaq on March 4, 2019. The board of Oslo Bors recommended its shareholders to accept Nasdaq's offer. After Euronext secured approval from Norway’s Ministry of Finance to buy more than 50% of Oslo Bors, Nasdaq decided to withdraw its offer. "Together, Euronext and Oslo Bors form the leading pan-European exchange with financing venues in Amsterdam, Brussels, Dublin, Lisbon, Paris, and now Oslo. We welcome order flow from over 5k local and international institutional investors from the United States, the United Kingdom and continental Europe, and a wide and diverse community of close to 1.5k listed companies, from fast-growing small and midcaps to international blue chips," Euronext.
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