SGX Progresses on its Plans to Acquire Baltic Exchange, Shareholders Approve

[kreslik.news]

Singapore Exchange’s (SGX)’s has agreed to terms to acquire the Baltic Exchange Limited, and will now proceed with support from shareholders of the Baltic Exchange – following an earlier announcement in May, SGX will make a play for Baltic Exchange shares for a total of $210.6 (£160.41) in cash per Baltic Share, representing a total sum of $101.9 million (£77.6 million).

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Back in May, SGX had agreed in principle to acquire London-headquartered Baltic Exchange Limited (Baltic Exchange), a transaction aimed at strengthening two key ... (read more)