Southeast Asia's Grab says to complete $40 bln SPAC merger in Q4

Reuters2021-06-09

SINGAPORE, June 9 (Reuters) - Southeast Asia's Grab, which is going public through a merger worth $40 billion with special-purpose acquisition company Altimeter Growth Corp

said on Wednesday it expects to complete the business combination during the fourth quarter.

The company had previously said it aimed to close the deal by July.

(Reporting by Anshuman Daga and Aradhana Aravindan; Editing by Martin Petty)

((aradhana.aravindan@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • lexxselrahc
    2021-08-25
    lexxselrahc
    Any news of any further delays? Or would this be right sizing? 
Leave a comment
1