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Federal Court Approves NSX Limited’s Acquisition by Canadian Entity

Story Highlights
  • NSX Limited is set to be acquired by a Canadian entity, impacting its market operations.
  • Shareholders will receive compensation as NSX delists from the ASX following the acquisition.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Federal Court Approves NSX Limited’s Acquisition by Canadian Entity

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An update from NSX Limited ( (AU:NSX) ) is now available.

NSX Limited announced that the Federal Court of Australia has approved a scheme of arrangement for 1001290557 Ontario Inc., a related entity of CNSX Markets Inc., to acquire all ordinary shares of NSX. This acquisition will result in NSX’s delisting from the ASX, with shareholders receiving compensation for their shares. The scheme’s implementation is expected to impact NSX’s market presence and operations, aligning it more closely with the Canadian Securities Exchange.

More about NSX Limited

NSX Limited operates within the financial services industry, focusing on providing a platform for securities trading. It is associated with the Canadian Securities Exchange through its connection with CNSX Markets Inc.

Average Trading Volume: 559,632

Technical Sentiment Signal: Hold

Current Market Cap: A$19.63M

Find detailed analytics on NSX stock on TipRanks’ Stock Analysis page.

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