SGX Market Tips : SGX to offer $137 mil for Baltic Exchange .

SINGAPORE (Aug 5): Singapore Exchange (SGX) has made a formal offer for the Baltic Exchange.

The business sector administrator is wanting to offer £77.6 million ($137 million), or £160.41 per offer, to take full control of the Baltic Exchange.

SGX said it would continue to request support from shareholders of the trade.

In a documenting on Thursday, SGX says Baltic Exchange’s shareholders can hope to get in any event £18.80 in real money per offer as definite profit, on top of the money offer, if the takeover offer gets to be powerful.

Shares of SGX shut level at $7.55.

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