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Nordax Launches Final Bid of $2 24 Billion for Norwegian Finans Holding

By Dominic Chopping STOCKHOLM Sweden s Nordax Bank AB said Wednesday that it has launched a best and final bid of 19.6 billion Norwegian kroner ($2.24 billion) for Norwegian Finans Holding ASA, the owner of the internet bank started by Norwegian Air Shuttle ASA founder Bjorn Kjos. Nordax had a NOK17.8 billion bid rejected in March, raising it to NOK18.7 billion in May. Wednesday s revised offer comprises NOK105 in cash per share and will be reduced by the amount of any dividend or other distributions made by Norwegian Finans Holding, it said. While the objective of Nordax is to acquire Bank Norwegian in full, Nordax also sees substantial merit in becoming a majority shareholder, it said in a statement.

EUROPEAN MIDDAY BRIEFING: More Consumer Price -2-

EUROPEAN MIDDAY BRIEFING: More Consumer Price -2-
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