Page 1 of 1

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

Posted: Wed Aug 03, 2016 3:07 pm
by 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).

Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!

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)