Cinnober Shareholders Approve Nasdaq Takeover

James Rundle
@JimRundle
10 Jan 2019

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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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