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NSX Limited ( (AU:NSX) ) has shared an update.
NSX Limited announced that its scheme of arrangement with 1001290557 Ontario Inc., a related body corporate of CNSX Markets Inc., has become legally effective. This arrangement will result in the acquisition of 100% of NSX’s ordinary shares by BidCo, leading to the suspension of NSX’s shares from trading. The Federal Court of Australia has approved the scheme, and eligible shareholders will receive a specified payment for their shares. This development signifies a strategic shift for NSX Limited, potentially impacting its market positioning and stakeholder interests.
More about NSX Limited
NSX Limited operates in the financial services industry, primarily focusing on securities exchange services. The company is involved in the trading of shares and is listed on the Australian Securities Exchange (ASX).
Average Trading Volume: 562,795
Technical Sentiment Signal: Hold
Current Market Cap: A$19.63M
For a thorough assessment of NSX stock, go to TipRanks’ Stock Analysis page.