Singapore Exchange, Baltic Exchange Continue Transaction Talks
Singapore Exchange (SGX) has agreed with the Baltic Exchange Limited (Baltic Exchange) to extend the period of exclusive discussions regarding a cash offer for 100 percent of the share capital of the Baltic Exchange (Transaction) from June 30, 2016 to August 31, 2016.
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. The extension to the period of exclusivity allows this dialogue to continue before the final terms of the Transaction are agreed.
SGX reiterates that there is no assurance that the exclusivity agreement signed on May 25, 2016 will lead to any definitive agreement or completion of the Transaction.
