SGX formal offer for Baltic Exchange could be in soon

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 exclusive talks between both parties, according to a Reuters report on Wednesday Singapore time that cited "sources familiar with the matter".

The sources said both parties had reached key milestones for a deal to proceed and that SGX was getting ready to make a formal offer, Reuters reported. The potential deal co…