ASX bids for substantial Yieldbroker stake
- Thursday, 18 September 2014
The Australian Securities Exchange (ASX) has made an offer to acquire a 49 per cent stake in Yieldbroker, with a bid which values the OTC trading platform at more than A$130 million (US$116.4 million). The bid has the support of both companies' boards, according to a joint statement, but is subject to "satisfactory acceptances" from Yieldbroker's 12 existing shareholders – all intermediary banks.
