SGX, Baltic extend exclusive talks to Aug 31

Singapore

THE Singapore Exchange (SGX) and potential acquisition target Baltic Exchange have extended exclusive negotiations to Aug 31 from June 30 to continue their "dialogue" with shareholders.

"SGX and the Baltic Exchange have together met with shareholders and much of the stakeholder community over the past weeks to discuss the transaction and have made good progress in consultations," SGX said in a statement. "The extension to the period of exclusivity allows this dialogue to continue before the final terms of the transaction are agreed."