Square To Scoop Up Afterpay For Au 39 Billion
The pair announced the scheme implementation deed on Monday, under which Square has agreed to acquire all of the issued shares in Afterpay. The transaction has an implied value of approximately $29 billion – AU$39 billion – based on the closing price of Square common stock on 30 July 2021 and is expected to be paid in all stock. Based on Square’s closing price of $247.26 per share, this represents an implied transaction price of approximately AU$126....