Talks to get the Singapore Exchange (SGX)’s Baltic Exchange takeover bid back on track face a significant deadline today.
Shipbrokers critical of the terms of the deal are waiting to see whether SGX will offer a compromise to broker-panellists and enable the delayed transaction to complete.
“Competitive Ship Brokers Ltd [CSBL] have entered into an agreement with the Baltic and SGX to try to come up with a solution by this coming weekend that addresses the concerns that we raised,” CSBL chairman Gary Weston said earlier this week.
“Remember,
