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NDAQ » Topics » 11.2 Offer Value and Premium

This excerpt taken from the NDAQ 8-K filed May 31, 2007.

11.2 Offer Value and Premium

Based on a closing price for NASDAQ shares of $33.19 on NASDAQ on 23 May, 2007 and a SEK/$ exchange rate of 6.83, the Offer value and Offer premium are the following:

 

  •  

The Offer values each OMX share at approximately SEK208.1;

 

  •  

The Offer values the whole of the issued share capital of OMX at approximately SEK25.1 billion ($3.7 billion);

 

4

The value of the Cash Consideration and Share Consideration based on the assumption set out in 11.2

 

30

  •  

The Offer represents:

 

  •  

A premium of 19 percent relative to SEK174.5, the closing price on 23 May, 2007, the last full trading day prior to the announcement of the Offer and a SEK/$ exchange rate of 6.83 on 23 May, 2007; and

 

  •  

A premium of 25 percent to the volume weighted average price of SEK165.9 per OMX share over the 20 trading days up to and including 23 May, 2007, the last full trading day prior to the announcement of the Offer.

Assuming full acceptance of the Offer, a maximum amount of approximately SEK11.4 billion ($1.7 billion) in cash is payable and a maximum number of approximately 60.6 million new NASDAQ shares will be issued under the Offer.

This excerpt taken from the NDAQ 8-K filed May 25, 2007.

11.2 Offer Value and Premium

Based on a closing price for NASDAQ shares of $33.19 on NASDAQ on 23 May, 2007 and a SEK/$ exchange rate of 6.83, the Offer value and Offer premium are the following:

 

•  

The Offer values each OMX share at approximately SEK208.1;

 

•  

The Offer values the whole of the issued share capital of OMX at approximately SEK25.1 billion ($3.7 billion);

4

The value of the Cash Consideration and Share Consideration based on the assumption set out in 11.2

 

Page 13/20

•  

The Offer represents:

 

  – A premium of 19 percent relative to SEK174.5, the closing price on 23 May, 2007, the last full trading day prior to the announcement of the Offer and a SEK/$ exchange rate of 6.83 on 23 May, 2007; and

 

  – A premium of 25 percent to the volume weighted average price of SEK165.9 per OMX share over the 20 trading days up to and including 23 May, 2007, the last full trading day prior to the announcement of the Offer.

Assuming full acceptance of the Offer, a maximum amount of approximately SEK11.4 billion ($1.7 billion) in cash is payable and a maximum number of approximately 60.6 million new NASDAQ shares will be issued under the Offer.

EXCERPTS ON THIS PAGE:

8-K
May 31, 2007
8-K
May 25, 2007

RELATED TOPICS for NDAQ:

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