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SGX to offer £77.6m in cash for Baltic Exchange

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Published Thu, Aug 4, 2016 · 09:50 PM

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    Singapore

    SINGAPORE Exchange (SGX) will make a formal offer of £77.6 million (S$137 million), or £160.41 per share, in cash for a full takeover of the Baltic Exchange.

    If SGX's offer becomes effective, Baltic Exchange's existing shareholders are also expected to receive a final cash dividend of at least £18.80 per share, or about £9.1 million in total, on top of the cash offer, SGX said in a statement on Thursday after the market closed. SGX operates Singapore's stock market.

    Baltic Exchange

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