Exchanges went exclusive in late May after SGX first signaled interest in February
The Singapore Exchange has extended by two
months its exclusivity agreement with the Baltic Exchange to
give the firms more time to cut a deal for SGX to buy the
London-based shipping market.
The Asian exchange giant said on Tuesday:
"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% of the share
capital of the Baltic Exchange (Transaction) from June 30 2016
to August 31 2016."
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