Cinnober Shareholders Approve Nasdaq Takeover

The US exchange group is to acquire the Swedish financial technology firm after submitting a revised offer.

stockholm-old-town-1
Getty Images

Nasdaq is poised to complete its acquisition of Cinnober Financial Technology, after reaching a critical level of acceptance for its all-cash offer among shareholders of the Swedish vendor.

The US exchange operator announced on January 9 that 91 percent of shareholders had accepted its offer for the firm, which values Cinnober at around $220 million. Nasdaq had been forced to revise its offer in late December 2017, after a number of holdout investors said the original asking price had been too

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: http://subscriptions.waterstechnology.com/subscribe

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: