CPE News (2/8/2021) – Nasdaq, Inc. (Nasdaq: NDAQ) has received approval of its previously announced proposed US $2.75 billion acquisition of Verafin in accordance with the terms of the Investment Canada Act. The approval was the last regulatory approval required for the proposed acquisition.
Nasdaq expects to close the acquisition on or around February 11, 2021.
On November 18, 2020, Nasdaq into a share purchase agreement with Verafin Holdings Inc. and shareholders of Verafin to acquire all of the outstanding common shares of Verafin, an industry pioneer in anti-financial crime management solutions, for an aggregate purchase price of US $2.75 billion, subject to certain customary closing adjustments.
Founded by Jamie King, Raymond Pretty, Brendan Brothers, Verafin is backed Spectrum Equity, Information Venture Partners, Killick Capital, Northleaf Capital Partners, BDC Capital, Teralys Capital, and debt providers Wells Fargo and Scotiabank.
photo credit: Verafin
Nasdaq Receives Investment Canada Act Approval and Announces Expected Closing Date for its Acquisition of Verafin
NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ), a global technology company, announced today that the Minister of Industry has approved the previously announced proposed acquisition of Verafin, an industry pioneer in anti-financial crime management solutions, in accordance with the terms of the Investment Canada Act. The approval was the last regulatory approval required for the proposed acquisition.
Nasdaq expects the closing date of the proposed acquisition to occur on or around February 11, 2021.
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