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AFTERPAY

(APT)
Delayed Australian Stock Exchange  -  12:10 2022-01-19 am EST
66.47 AUD   -2.18%
02/28AUSTRALIAN IPO REVIEW 2021 : Pre–IPO Capital Raises
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02/24Jack Dorsey's Block beats profit estimates, Australian shares soar
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Afterpay's $29 billion buyout by Block set to close after Spain nod

01/11/2022 | 04:53pm EDT
Afterpay logo is displayed

(Reuters) - Australian buy now, pay later firm Afterpay Ltd said on Wednesday its $29 billion buyout by payments firm Block Inc, previously known as Square Inc, has received approval from the Bank of Spain, making the deal fully unconditional.

With this approval, the companies can now implement the deal, which would be Block's biggest to date and the largest buyout ever of an Australian firm.

Afterpay said the deal is likely to close on Feb. 1. Its shareholders had in December overwhelmingly voted in support of the deal - 99.79% of the proxy votes were cast in favor. Block investors had approved the deal in early November.

Trading in Afterpay shares will be suspended on the Australian stock exchange on Jan. 19, the company said in a statement.

(Reporting by Sameer Manekar in Bengaluru; Editing by Arun Koyyur)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY -2.18% 66.47 End-of-day quote.-19.93%
BLOCK, INC. 5.54% 71 Delayed Quote.-58.35%
All news about AFTERPAY
02/28AUSTRALIAN IPO REVIEW 2021 : Pre–IPO Capital Raises
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02/24Jack Dorsey's Block beats profit estimates, Australian shares soar
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02/02Afterpay Removed from Australian Bourse's Official List
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02/02NEW KID ON THE BLOCK Dorsey's Block snaps up buy now pay later giant Clearpay
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02/01Tech Stocks Edge Higher Premarket Tuesday
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01/31Block Completes Afterpay Acquisition; Square Offers US, Australia Merchants Buy Now Pay..
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01/31AFTERPAY : Final Director's Interest Notice x6
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01/31Afterpay Limited Announces Board Changes
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Analyst Recommendations on AFTERPAY
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Financials
Sales 2021 836 M 581 M 581 M
Net income 2021 -156 M -109 M -109 M
Net Debt 2021 147 M 102 M 102 M
P/E ratio 2021 -215x
Yield 2021 -
Capitalization 19 966 M 14 104 M 13 877 M
EV / Sales 2020 34,0x
EV / Sales 2021 41,1x
Nbr of Employees 1 300
Free-Float -
Chart AFTERPAY
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Afterpay Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Managers and Directors
Anthony Mathew Eisen Co-CEO, Executive Director & Managing Director
Nicholas David Molnar Co-CEO, Executive Director & Managing Director
Rebecca Lynne Lowde Chief Financial Officer
Elana Rubin Independent Chairman
Dana Stalder Independent Non-Executive Director