Cinnober Shareholders to Mull Revised Nasdaq Offer

US exchange group’s offer rejected by holdout investors who deemed Swedish fintech firm undervalued.


Nasdaq has boosted its offer for Cinnober Financial Technology after failing to reach a critical threshold of shareholder support, which values the Swedish firm at around $220 million.

Under the terms of the revised offer, Nasdaq will pay SEK 87 ($9.62) in cash for each share, and SEK 121 ($13.37) in cash for each warrant. The deadline for acceptance has also been extended until January 9, 2019. Under the terms of the agreement, the deal must gain approval from 90 percent of shareholders.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: