Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Investing

Canadian Securities Exchange to Acquire National Stock Exchange of Australia

by admin May 22, 2025
May 22, 2025
Canadian Securities Exchange to Acquire National Stock Exchange of Australia

The Canadian Securities Exchange (CSE) has entered into an all-cash agreement to acquire NSX (ASX:NSX), the owner of the National Stock Exchange of Australia (NSXA), for roughly AU$16 million.

In a Monday (May 19) press release, the CSE says the acquisition price of AU$0.035 per fully paid ordinary share of NSX represents a 59 percent premium to NSX’s closing price on May 16, the last day of trading before the deal.

The acquisition is for 95.2 percent of NSX’s ordinary shares as the CSE already owned a 4.8 percent stake.

“This transaction enables the CSE to expand its reach and builds on our success in attracting global listings,” said CSE CEO Richard Carleton. “Through our 21-year history, the CSE has grown to more than 750 listings by focusing on and supporting entrepreneurial companies. The NSXA, working with us, is poised to execute a similar plan in Australia.”

Originally established as the Newcastle Stock Exchange in 1937, the NSXA has evolved into a platform focused on serving Australia’s early stage capital market. It changed its name to NSXA in 2006.

Upon acquisition by the CSE, the NSXA will remain operated locally, with the CSE providing support while expanding its geographic footprint. The NSXA will stay under the leadership of Managing Director and CEO Max Cunningham.

“The CSE’s acquisition will provide NSX with financial strength and operational stability, and bring global expertise to local exchange activities,” he said. “That is great news for participants and competition in Australia’s capital markets.”

Earlier this year, Canada and Australia released a joint statement underlining their commitment to developing sustainable and secure critical mineral supply chains, highlighting shared values in ESG standards.

The partnership re-instills the countries’ position as global leaders in mineral extraction and critical minerals production, both essential for the global energy transition.

The CSE states that its acquisition of the NSX looks to build on the success of CSE in Canada and help provide competing exchange market services to Australian issuers and investors.

The CSE board has advised shareholders to vote in favor of the acquisition. It remains subject to the approval of NSX shareholders, the Australian court and the Australian Securities and Investments Commission.

Should the transaction be approved, it is expected to close in the third quarter of 2025.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Peter Goodburn: Silver “Very Undervalued” vs. Gold — Price Targets and What’s Next
next post
Web3’s Next Move: Global Rules, Canadian Friction and the Tech Driving the Future of Finance

Related Posts

Rule, Kiyosaki, Spina and Clark Share Mining Stock...

February 4, 2025

John Feneck: Gold Backdrop Looks “Amazing,” Plus 7...

April 22, 2025

Top 10 Copper-producing Companies

February 12, 2025

High-Potential WA Lithium & Gold Tenements Secured

February 19, 2025

Editor’s Picks: Gold Breaks US$3,200, Experts Call for...

April 14, 2025

NorthStar Gaming Announces Revocation of Management Cease Trade...

May 21, 2025

Joint Venture Secured over Advanced Gold Project in...

February 12, 2025

US Electricity Demand to Surge — Nuclear Energy...

March 15, 2025

NevGold

June 25, 2025

Top 5 Canadian Mining Stocks This Week: Onyx...

June 28, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Exclusive: Trump’s immigrant deportations are ‘morally repugnant,’ senior US Catholic leader says

      July 4, 2025
    • At 90, the Dalai Lama braces for final showdown with Beijing: his reincarnation

      July 4, 2025
    • Russia becomes first nation to recognize Taliban government of Afghanistan since 2021 takeover

      July 4, 2025
    • Two arrested over ‘Chinese blessing scams’ targeting elderly Asian women in Australia

      July 4, 2025
    • Russia launches record number of drones at Ukraine after latest Trump-Putin phone call

      July 4, 2025
    • S&P 500 Earnings for 2025 Q1 — Still Overvalued

      July 4, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved