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SGX formal offer for Baltic Exchange could be in soon

BT understands that any such offer by SGX would be submitted by end-August

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Reuters has cited sources who said both parties had reached key milestones for a deal to proceed and SGX was getting ready to make a formal offer. The potential deal could be valued at between US$80 million and US$120 million, according to news reports.

Singapore

THE Singapore Exchange (SGX) is reportedly preparing a formal offer to buy London's Baltic Exchange and The Business Times understands that any formal offer by SGX would be submitted by Aug 31.

This latest development follows months of discussions that resulted in