Norway’s Den norske Bank is making a long-awaited bid for the country’s local savings bank. DnB dubs this its dream deal, but there is no guarantee that it will go through.
On March 13 DnB and Union Bank of Norway, or Gjensidige NOR, announced that they were in talks about a possible merger. Five days later they announced they would put an offer of 6.2 DnB shares per UBN share plus NKr23 ($3.13) per UBN share to its shareholders.
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