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Singapore bourse and Baltic Exchange agree terms

Posted on 23 August 2016

Asian exchange hopes to establish Singapore as ideal location for trading and settlement of shipping contracts. SGX has moved closer to clinching an acquisition of the Baltic Exchange, after agreeing terms with the UK bourse and winning backing from shareholders representing a majority of share capital.
The Singapore exchange and the Baltic said on Monday they had agreed a cash bid of £160.41 per share and a final dividend of £19.30 per share, revised up from £18.80 offered two weeks ago………………………………………..Full Article: Source


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