OMX said on Wednesday its board had unanimously recommended a takeover bid by Borse Dubai, which had teamed up with US  firm Nasdaq to purchase the Nordic and Baltic exchange owner.

State-run Borse Dubai offered 265 Swedish crowns ($41.41) per share for the firm. After the purchase it will transfer ownership of OMX to Nasdaq in exchange for a stake in the US exchange.

The offer has been approved by regulators in the United States and Sweden. - Reuters