OSL Group Ltd. Announces Proposed Acquisition of Banxa in Strategic Expansion Move

Reuters

06-27

OSL Group Ltd. Announces Proposed Acquisition of Banxa in Strategic Expansion Move

OSL Group Ltd. has announced its proposed acquisition of Banxa, a move aligned with its business expansion strategies. The company, through its wholly-owned subsidiary OSL BNXA Acquisition Inc., aims to acquire 100% of Banxa shares. The transaction, agreed upon after arm's length negotiations, involves a consideration of CAD1.55 in cash per Banxa share, totaling CAD81,692,106.8. The Board of OSL Group Ltd. believes that the acquisition will benefit the company's growth and is in the best interest of the company and its shareholders. The announcement was made after trading hours on June 27, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OSL Group Ltd. published the original content used to generate this news brief on June 27, 2025, and is solely responsible for the information contained therein.

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Announces Proposed Acquisition of Banxa in Strategic Expansion Move","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      OSL Group Ltd. Announces Proposed Acquisition of Banxa in Strategic Expansion Move\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        OSL Group Ltd. has announced its proposed acquisition of Banxa, a move aligned with its business expansion strategies. The company, through its wholly-owned subsidiary OSL BNXA Acquisition Inc., aims to acquire 100% of Banxa shares. The transaction, agreed upon after arm's length negotiations, involves a consideration of CAD1.55 in cash per Banxa share, totaling CAD81,692,106.8. 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Announces Proposed Acquisition of Banxa in Strategic Expansion Move\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-27 22:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      OSL Group Ltd. Announces Proposed Acquisition of Banxa in Strategic Expansion Move\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        OSL Group Ltd. has announced its proposed acquisition of Banxa, a move aligned with its business expansion strategies. 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