BinckBank: Saxo Bank extends offer period

(CercleFinance.com) - Denmark's Saxo Bank is extending the offer period for its planned takeover of Dutch-based online broker BinckBank because the process to obtain regulatory clearances has not yet been completed.


Shareholders now have until 31 July to tender their shares. The previous offer period was set to expire on 22 May.

It is still expected that the offer will be completed in the first half of the third quarter of 2019, as the regulatory clearances process is "on track," Saxo and Binck said.

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