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Borse Dubai says backs Nasdaq bid for NYSE Euronext - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Borse Dubai, the largest shareholder in Nasdaq OMX, backed the exchange’s unsolicited $11.3 billion bid for NYSE Euronext, its chairman said on Friday.

Essa Kazim, when asked whether the Dubai-based holding company that has an approximately 29 percent stake in Nasdaq OMX was in favour of the bid, told Reuters: “Yes we are supportive.”

He declined any further comment on the offer.

Nasdaq OMX and IntercontinentalExchange have launched a rival bid to buy NYSE Euronext for about $11.3 billion in cash and shares.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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