SIX Group AG, the operator of the Swiss Exchange, has acquired Aquis Exchange Plc, a UK-based trading exchange and data provider, in a deal worth approximately £194 million ($250 million). The acquisition offer is set at 727 pence per Aquis share, which represents a significant 120% premium over the closing price on Friday.
The Aquis directors have unanimously supported the transaction, demonstrating strong backing for the deal. Following the announcement, Aquis shares were trading at 705 pence as of 9:02 a.m. in London, indicating a positive market response to the acquisition news.