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Singapore-based ride-hailing and food delivery giant Grab Holdings said the completion of its merger with Nasdaq-listed bank check company Altimeter Growth Corp. has been pushed back to the fourth quarter. ....
Grab sees US$40 billion SPAC merger delayed to Q4 Toggle share menu Advertisement Grab sees US$40 billion SPAC merger delayed to Q4 A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore, Mar 21, 2019. (File photo: REUTERS/Anshuman Daga) 09 Jun 2021 06:42PM Share this content Bookmark SINGAPORE: Southeast Asia s Grab, which is going public through a merger worth US$40 billion with special-purpose acquisition company Altimeter Growth, said on Wednesday (Jun 9) it expects to complete the business combination during the fourth quarter. The company had previously said it aimed to close the deal by July. Advertisement Advertisement Grab said it was in the process of finalising its financial audit for fiscal years 2018, 2019 and 2020 in accordance with US Securities and Exchange Commission (SEC) requirements. ....
By Reuters Staff 1 Min Read 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 ....