Nasdaq has been battling with Euronext to acquire the Oslo Stock Exchange since the start of the year. (AFP photo)OSLO: US stock market operator Nasdaq said Monday it was withdrawing its offer of nearly 700 million euros ($784 million) to acquire the Oslo Stock Exchange, clearing the way for its European competitor Euronext. Nasdaq, which controls all the other Nordic stock exchanges, has been battling with Euronext to acquire the stock exchange since the start of the year. Nasdaq had the blessing of the bourse's board and management, but Euronext gained an advantage by securing the support of a majority of the Oslo exchange's shareholders. Euronext already manages the stock exchanges of Paris, Brussels, Amsterdam, Lisbon and Dublin and aims to complete the transaction by the end of June.

Source: Bangkok Post May 27, 2019 06:56 UTC