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A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu.  Commentary 

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Investor: Ready to take Nasdaq stock only for OMX

STOCKHOLM
Tue Aug 21, 2007 6:38am EDT

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An OMX logo is seen atop a building near their headquarters in Stockholm August 20, 2007. REUTERS/Bob Strong

STOCKHOLM (Reuters) - Investor AB (INVEb.ST) is ready to take only Nasdaq (NDAQ.O) shares for its OMX OMX.ST stake under Nasdaq's bid for the bourse firm, a spokesman said on Tuesday, adding that this stance was the same as before Friday's rival offer from Borse Dubai.

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"When Nasdaq made its bid, we had an agreement to take only shares. We're now evaluating both bids. And we said that we see large synergies and developing possibilities in a trans-Atlantic combination. So we're still ready to accept only shares," an Investor spokesman said.

The comment follows an online report by the Financial Times citing Nasdaq Chief Executive Bob Greifeld as saying Investor had agreed to take shares only.
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