Singapore Exchange Limited (SGX) wishes to announce that it has entered into an agreement with The Baltic Exchange Limited (Baltic Exchange) through which SGX will enter into exclusive discussions with the Baltic Exchange regarding a cash offer for 100% of the share capital of the Baltic Exchange (Transaction). This follows SGX’s announcement on 26 February 2016 that it had submitted a non-binding bid for the acquisition of the Baltic Exchange. The period of exclusivity will commence on 25 May 2016 and expire on 30 June 2016.
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