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Key takeaways
- Charles Schwab Corporation is acquiring Forge Global for approximately $660 million (about €572 million).
- The deal aims to broaden access to private markets for a wider range of investors.
Charles Schwab Corporation is acquiring Forge Global in a deal worth roughly $660 million (about €572 million). The acquisition is intended to position the company as a central player in private markets, providing investors with more opportunities to participate in this traditionally exclusive investment category.
Shareholder support
Under the terms of the deal, Charles Schwab will pay $45 (€39) per share for Forge. The transaction has received crucial support from Forge’s two largest shareholders, a sign of confidence in the deal and its potential impact on the investment landscape. (fc)
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