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Borse Dubai guilty of OMX lunge

by Colin Packham, Sydney

Borse Dubai has been found guilty of breaching stock market practice in the course of its takeover attempt of OMX, according to Sweden’s Security Council. The council also concluded that the exchange had however treated shareholders equally during the process.OMX requested that Securities Council investigate Borse Dubai in the wake of the latter buying a 27.4% stake in the Nordic exchange prior to the announcement of a full takeover bid on 9August.The Council concluded that Borse Dubai was guilty of breaching stock market practice, following its “book building...

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