Copenhagen based Retail FX broker Saxo Bank has just announced that it has reached a conditional agreement with Dutch online brokerage BinckBank on a recommended all-cash public offer of EUR 6.35 (cum dividend) per issued and outstanding ordinary share and priority share of BinckBank representing a total consideration of EUR 424 million. The offer price…
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Dash Financial Technologies has just announced it has signed a definitive agreement to acquire eRoom Securities, LLC. The move follows last year’s acquisition of Convergex’s options business, Liquidpoint, and will allow the firm to enter the introducing prime brokerage space. eRoom is a Chicago based company, providing multi-asset trading technology, agency execution, risk management, reporting and clearing services…
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CME Group Inc. (Nasdaq: CME) has just announced that it has completed its acquisition of NEX Group plc (LON:NXG). The combined company will enable clients worldwide to trade futures, cash and over-the-counter (OTC) markets, optimize portfolios and analyze data to efficiently manage risk and capture opportunities. CME Group will retire the NEX name and brand…
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Derivatives marketplace CME Group (NASDAQ:CME) and NEX Group (LON:NXG) have announced they have received clearance from the UK Competition and Markets Authority for CME Group's proposed acquisition of NEX. Completion of the transaction remains subject to sanction by the UK Court. The parties have scheduled the court hearing for November 1, 2018 and expect the closing to…
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London Stock Exchange Group plc (LSEG) has announced that it is in the process of acquiring further shares in LCH Group Holdings Limited (LCH), which will increase its majority ownership of this valuable strategic business. LSEG has entered into agreements with certain minority shareholders of LCH to acquire up to a further 15.1% of LCH’s…
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Derivatives marketplace CME Group (NASDAQ:CME) has announced that it has received clearance under the Hart-Scott-Rodino Act from the United States Department of Justice - Antitrust Division for its proposed acquisition of London listed NEX Group plc (LON:NXG). CME and NEX have announced earlier this year that CME will be buying NEX in a £3.9 billion (USD $5.4…
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The payment provider Klarna Bank AB (Klarna) has just announced that it is acquiring Close Brothers Retail Finance (CBRF) from UK merchant banking group Close Brothers Group plc (Close Brothers). Michael Rouse, Chief Commercial Officer of Klarna: We are delighted to welcome CBRF to Klarna, the complementary talents and propositions will help accelerate Klarna’s leadership…
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PepsiCo, Inc. (NASDAQ:PEP) and SodaStream International Ltd. (NASDAQ:SODA) have announced that they have entered into an agreement under which PepsiCo has agreed to acquire all outstanding shares of SodaStream for $144.00 per share in cash, which represents a 32% premium to the 30-day volume weighted average price. PepsiCo and SodaStream are an inspired match," said…
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Tron just became the largest decentralized internet ecosystem in the world, after it acquired BitTorrent and its related products. BitTorrent is worldwide known for being the fastest torrent with syncs for al major operating systems such as Windows, Mac and iOS. It is no surprise then that with this acquisition, Tron is as of today…
Read moreReuters and Paradex just announced that Coinbase has acquired the San-Francisco-based cryptocurrency trading platform. Paradex is an innovative cryptocurrency trading platform, which allows trading without the creation of account. The platform is powered by the so called "0x protocol". The protocol enables the fully decentralized service that Paradex offers to its users. The trading between…
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