Swedens Economic Crime Bureau has initiated a probe into a possible leak of information prior to the announcement of a joint bid from suitors Nasdaq and Borse Duabi.
I can confirm that we have started an investigation, the Bureaus prosecutor, Robert Engstedt said. He revealed that the probe will centre on suspicious trading over two days which occurred just a day before the joint bid from Nasdaq was revealed on 20 September.
Before news of the joint bid broke, both Nasdaq and Borse Dubai were involved in a fierce battle for control of the Nordic exchange, with Nasdaq originally agreeing a deal for OMX in May only for the Dubai exchange to return with a higher offer on 17 August. Despite rumours that Nasdaq would return with a higher offer, Borse Dubai and Nasdaq instead returned with a joint bid, that would see Nasdaq control OMX while Borse Dubai will receive Nasdaqs stake in London Stock Exchange and also a stake in Nasdaq.
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