Findexa takeover kills Europe's high-yield share

Findexa, a Norwegian telephone directories business and the only company in Europe to offer guaranteed dividends under a special share issue structure, is set to be delisted following its Nkr6.6 ($1bn) acquisition by Eniro, a Swedish rival.

Findexa's Nkr 1.1bn flotation in May was the first in Europe to use a high-yield share issue structure, which guarantees investors a dividend yield of more than four times the Oslo stock market average.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line