In the wake of Borse Dubai’s long awaited $4bn takeover bid for OMX it is strongly believed that Nasdaq will return with a counter offer after its original $3.7bn bid was trumped by the Middle East outfit.
The Borse Dubai cash only offer was agreed with the Nordic exchange on 17 August and out bids Nasdaq’s original cash plus share bid, which was made on 25 May (see FO Week 01/06/07). The US exchange, however, could raise up to $1bn after...