8-KRegulation FDExhibits & Filings

NASDAQ, INC. 8-K Report, Regulation FD Disclosure (Feb 4, 2019)

Filed February 4, 2019For Securities:NDAQ

Summary

This 8-K filing by Nasdaq, Inc. (NDAQ) on February 4, 2019, announces the publication of the offer document for its previously announced public offer to acquire all issued shares of Oslo Børs VPS Holding ASA. This represents a significant strategic move by Nasdaq to expand its Nordic market presence and acquire a key European exchange. Nasdaq AB is offering NOK 152 in cash per share, plus interest, for Oslo Børs VPS. The offer period is set from February 4, 2019, to March 4, 2019, with potential for extension. Investors should note that this acquisition, if successful, could enhance Nasdaq's revenue streams and market share in the financial infrastructure sector. The full terms and conditions are detailed in the published Offer Document.

Key Highlights

  • 1Nasdaq AB has published the official offer document for its public acquisition of Oslo Børs VPS Holding ASA.
  • 2The acquisition is structured as a cash offer of NOK 152 per share, plus pro-rated interest.
  • 3The offer is open for acceptance from February 4, 2019, to March 4, 2019, with provisions for extension.
  • 4This move signifies Nasdaq's strategic intent to expand its European exchange operations, specifically in the Nordic region.
  • 5The Offer Document contains the complete terms and conditions for the acquisition.
  • 6The filing is an 8-K report primarily for Regulation FD disclosure purposes.
  • 7The acquisition aims to consolidate Nasdaq's position in the financial technology and exchange services market.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally announce and disclose the publication of the offer document for Nasdaq's public offer to acquire Oslo Børs VPS Holding ASA, in compliance with Regulation FD.

Nasdaq AB is offering NOK 152 in cash per share of Oslo Børs VPS Holding ASA, along with an interest payment of 6% per annum on the offer price, pro-rated from January 29, 2019, until the offer conditions are met.

Shareholders of Oslo Børs VPS can accept the offer from February 4, 2019, to March 4, 2019. This period is subject to extension or re-opening as outlined in the Offer Document.

This acquisition is a strategic move for Nasdaq to expand its global presence, particularly in the Nordic region, by acquiring a significant European stock exchange. It could lead to increased market share, new revenue streams, and enhanced market infrastructure capabilities.