Dutch stock exchange operator Euronext has increased its takeover bid for Norwegian rival Oslo Bors to around 6.79 billion Norwegian crowns ($782.9 million).
Euronext said that by uplifting its offer to $18.29 per Oslo Bors share, before its opening gambit of $6.35, it outbid Nasdaq’s $6.65 a share.
Euronext expects to make Oslo Bors a leader in the Nordic region as well as using it as a launch pad to expand in the Nordics.
The takeover offer is subjected to Norwegian regulators approval which will be in August and in December.