The Nasdaq Stock Market, Inc. announced that it has obtained clearance that will allow it to move ahead with the planned acquisition of Sweden’s OMX AB.

The Committee on Foreign Investment in the US has given approval for the Borse Dubai’s investment in Nasdaq, which will allow Nasdaq to proceed with its plans to combine with the OMX.

As a result of CFIUS approval, Nasdaq said that, as part of its transaction with the Borse Dubai, it has formally withdrawn its offer for OMX and supports the Borse’s all cash offer to acquire the OMX. All other previously agreed conditions for the Borse Dubai to open its offer have now been fulfilled.

Provided that the Borse Dubai owns in total at least 67% of the shares of OMX and the conditions for closing the transaction under the agreement with Nasdaq have been satisfied or waived, the Borse will sell all the OMX shares it owns to Nasdaq for shares and cash. At the same time, Nasdaq will make an investment in Dubai International Financial Exchange.