Nasdaq to Acquire Swedish Fintech Provider Cinnober
Posted: Thu Sep 13, 2018 8:13 am
Nasdaq, an American stock exchange, announced today that it will acquire Cinnober, a Swedish fintech provider to brokers, exchanges and clearinghouses. Nasdaq made an all-cash recommended public offer to the shareholders and warrant holders of the firm worth $190 million.
Nasdaq will fund the acquisition with either cash on hand or liquidity available under existing credit facilities. The exchange operator expects to acquire the firm through a recommended public cash offer, which was launched today at 08:01 CET. The company has offered to buy all outstanding shares and warrants in Cinnober at a price of SEK 75 ... (read more)