Sunday, April 21, 2024
13.4 C
Los Angeles

Civilians at Risk as Large-Scale Fighting Looms in Darfur

After a months-long, uneasy détente between Sudan’s...

Advancing technology for aquaculture | MIT News

According to the National Oceanic and Atmospheric...

Using deep learning to image the Earth’s planetary boundary layer | MIT News

Although the troposphere is often thought of...

Deutsche Börse Secures Regulatory Nod for SimCorp Acquisition; Sets Sights on FundsDLT Takeover

Recent Regulations & NewsDeutsche Börse Secures Regulatory Nod for SimCorp Acquisition; Sets Sights on FundsDLT Takeover

Deutsche Börse Group AG has received final regulatory clearance for its public acquisition of Danish company SimCorp A/S. The European Commission granted approval on August 23, concluding a four-month wait since the initial €3.9 billion ($4.31 billion) takeover bid made in April this year. The cash offer, set to expire on September 19, 2023 at 23:59 (CEST), requires a minimum acceptance level of 50% plus one share of all SimCorp shares. Shareholders of SimCorp who haven’t accepted the offer yet are advised to do so well in advance of the September 19 deadline. Institutional investors might have earlier submission deadlines. The transaction is expected to be finalized by September 29, 2023, at the latest.

Additionally, Deutsche Börse Group has announced its intention to acquire the remaining shares of Luxembourg-based financial institution FundsDLT. Subject to regulatory approval, the global market infrastructure provider anticipates completing the purchase in either the fourth quarter of 2023 or the first quarter of 2024.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

Check out our other content


Check out other tags:

Most Popular Articles