Afterpay slumps to bottom of ASX on delaying meeting to vote on $29 bln Square deal

Asia Pacific Telecom Co

02/12/2021 24:48

** Buy-now-pay-later giant Afterpay Ltd  APT.AX  slumps as
much as 5.8% to A$100.28, its lowest since July 30
    ** APT says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02461311-3A582701?access_token=83ff96335c2d45a094df02a206a39ff4
 it delayed its shareholder meeting to vote on its $29 bln deal
with Twitter co-founder Jack Dorsey-led Square Inc  SQ.N 
pending approval from Bank of Spain  urn:newsml:reuters.com:*:nL4N2SM4Y4
    ** Says the completion of Australia's biggest deal in
history was still expected to be in the first quarter of 2022
    ** Scheme meeting will be delayed until the new year
    ** Square expects Bank of Spain condition will be satisfied
in mid-January 2022
    ** APT top loser in the ASX 200 benchmark index  .AXJO ; set
for a third consecutive loss session
    ** APT down 9.8% this year as of last close, vs a 9.9%
increase in the ASX 200 benchmark

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))