Nasdaq receives greenlight for US $2.75B acquisition of Verafin

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By CPE News

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

News Release

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.

About Nasdaq

Nasdaq, Inc. (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.Nasdaq.com.

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