Nasdaq Raises Offer for Crypto-Orientated Financial Services Provider Cinnober to $220M

New York-based Nasdaq Inc has raised a per share price offer for the Swedish crypto-orientated financial services provider Cinnober, according to the US stock exchange’s press release from Tuesday. The company is making the acquisition bid via its Stockholm-incorporated wholly-owned division Nasdaq Technology AB.

The revised offer includes prices of 87 Swedish kronor per share and 121 Swedish kronor per warrant compared to 75 Swedish kronor and 85 Swedish kronor offers respectively in the first acquisition attempt in mid-September. The new bid puts the Cinnober market value at 1.9 billion Swedish kronor ($220 million), which is nearly 17% higher than the previous one.

This article appeared first on Cryptovest

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