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.
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The nascent discount transatlantic carrier Norse Atlantic Airways has reached a pre-hire agreement with the Association of Flight Attendants-CWA (AFA).
The agreement is likely to alleviate concerns that Norse Atlantic will take the same tough posture toward labor that the former low-cost transatlantic carrier Norwegian Air did. We are thrilled to reach this agreement with AFA and proud to make clear from the start that our airline puts people first, Norse Atlantic CEO Bjorn Tore Larsen said in a press release put out by AFA. Travelers will gain a low-cost, long-haul option, but tickets will never be subsidized by our employees. We strongly believe building an airline with respect for the people who work for Norse is the best way to ensure success.