9 May 2009

NZX makes bid for Australian operator

2:31 pm on 9 May 2009

The New Zealand share market operator NZX has made an offer for a controlling stake in listed Australian stock exchange company for small businesses, NSX, which is recommending its shareholders accept.

The NZX has offered to buy just over half of the company for $15 million.

It is seeking to raise up to $20.5 million dollars from its investors to help fund the NSX acquisition and two others already announced.