New York-based Nasdaq, one of the largest stock markets in the world, has started a procedure for buying Cinnober, a Swedish financial service operator with serious interests in the crypto world, the US exchange said in a statement on Friday.
Nasdaq made a 1,702 million Swedish krona ($190 million) all-cash public proposal to shareholders and warrant holders of Cinnober. The offer was nearly 22% more than the closing price (61.50 Swedish krona) for one share of Cinnober on Nasdaq First North stock exchange on September 13, 2018, the last trading day before the US financial operator’s announcement.
"Not only have the global capital markets continued to evolve rapidly, new marketplaces in various industries are demanding market technology infrastructure that enables rapid growth and scale as well as access to tools to promote market integrity,” Adena Friedman, president and chief executive officer (CEO) of Nasdaq explained in the press release.
...
This article appeared first on Cryptovest
