Singapore Exchange’s (SGX) proposed acquisition of the Baltic Exchange has been described as “rather expensive” according to one analyst.
On Thursday, the SGX announced that it was proposing to acquire the London-based organization for £77.6m ($101.5m) in cash.
The Baltic Exchange’s shareholders could also receive at least £18.80 per share in cash as a final dividend, subject to approval and on the condition that SGX’s proposed offer becomes effective.
