OSL Group Ltd. has announced its proposed acquisition of Banxa, a move aligned with its business expansion strategies. The company, through its wholly-owned subsidiary OSL BNXA Acquisition Inc., aims to acquire 100% of Banxa shares. The transaction, agreed upon after arm's length negotiations, involves a consideration of CAD1.55 in cash per Banxa share, totaling CAD81,692,106.8. The Board of OSL Group Ltd. believes that the acquisition will benefit the company's growth and is in the best interest of the company and its shareholders. The announcement was made after trading hours on June 27, 2025.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.