Simpson Thacher Represents Investor AB in a Share Forward Transaction Relating to 8 Million Shares of NASDAQ OMX Group
12.21.10
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Simpson Thacher represented Investor AB, the leading Swedish investment company, as the forward purchaser in a share forward transaction with Nomura International plc, relating to 8.0 million shares of common stock of the NASDAQ OMX Group. The transaction has a forward share price of $21.80 per share and a total forward purchase price of $175 million. The delivery of shares is subject to customary regulatory approval.
In the event of physical delivery of the shares, Investor AB will hold approximately 17 million shares in NASDAQ OMX Group, corresponding to 9.7% of the outstanding shares, and will be entitled to a board seat.
The Simpson Thacher team for the transaction included Alan Klein and Kim Vu (M&A); Joyce Xu, Alina Casner and Sunny Cheong (Derivatives); LeAnn Leutner (Capital Markets); and Joe Tringali, Michael Naughton and Ken Ehrhard (Antitrust).