SGX Reaches Agreement with Baltic Exchange Over Proposed Acquisition

[kreslik.news]

One of Asia’s leading exchange operators, Singapore Exchange Limited (SGX), has today revealed progress on its bid to acquire London-headquartered Baltic Exchange Limited (Baltic Exchange), a transaction aimed to strengthen two key maritime hubs between the U.K. and Singapore, supported by the synergy of the two financial market operators.

This development follows nearly three months after SGX initially announced its intentions in February to acquire the company and said today in a statement that an agreement was reached – to enter into exclusive talks – based on a cash offer to acquire 100% of Baltic Exchange’s share capital in ... (read more)