Cinnober Shareholders Approve Nasdaq Takeover

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

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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

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