Malacca Straits Acquisition: Up on merger deal with Asia Vision Network
22/03/2021 12:06
** Shares of special purpose acquisition company MLAC.O up
1.12% at $9.97 premarket
** Asia Vision Network signs agreement to combine with MLAC
urn:newsml:reuters.com:*:nGNX69MxcZ for an enterprise value of $573 mln
** AVN will continue after the deal as a new Indonesian
U.S.-listed holding company and is expected to trade on NASDAQ
** BTIG LLC is acting as financial advisor to Malacca
Straits
** The deal is expected to close in late Q2 or early Q3 2021
(Reporting by Rithika Krishna in Bengaluru)
((Rithika.Krishna@thomsonreuters.com;))