Shareholders of US payments giant Square have unequivocally approved the issuance of shares to acquire Afterpay, bringing Australia’s largest ever merger deal a solid step closer to finalisation.
A whopping 862 million Square shares were voted in support of the blockbuster deal, compared to only 746,000 against it, according to a Square filing with the US Securities and Exchange Commission. A supportive vote was expected and went through in the early hours of Thursday morning.
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James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
