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European exchange operator Euronext on Monday raised its offer for the Oslo stock exchange to $783 million (691 million euros), besting an offer from US rival Nasdaq.
Euronext said it was raising its offer to 158 kroner per share, which beats an offer made by Nasdaq on January 30 of 152 kroner per share, as well as its original December bid of 145 kroner per share.
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The Nasdaq offer was endorsed by the management of Oslo stock exchange, saying it was better for its capital market and companies.
The US-based Nasdaq controls all of the other stock exchanges in the Nordic and Baltic region, while Euronext operates the Paris, Amsterdam, Brussels, Dublin and Lisbon markets.
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