SGX Acquisition of Baltic Exchange Moves Closer to Completion
Posted: Sun Aug 21, 2016 2:11 pm
Singapore Exchange Limited (SGX) has progressed with its acquisition of Baltic Exchange Limited, having now mutually agreed to terms for a recommended offer for the entire issued share capital, per a recent Baltic Exchange report.
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The update follows on the heels of an earlier announcement this August, which signaled the support of Baltic Exchange shareholders given the proposal of SGX’s offering. Earlier this month, SGX reported that it would secure Baltic Exchange shares for a total of $210.1 (£160.41) in cash per Baltic Share.
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