Afterpay Ltd (ASX: APT) share price will be monitored after the final schedule for the merger with Block Inc (NYSE: SQ) is published.

ASX’s largest buy now, pay later player is in place on the verge of merging or being acquired by Block (formerly known as Square).

When acquisitions are announced, especially those affecting global corporations, various approvals are required from regulators, shareholders, boards of directors, etc.

The Bank of Spain took its time to approve the transaction. It had this power because Afterpay has a small presence in the country.

However, the Bank of Spain has now approved the takeover and the takeover is completely unconditional. It has already received shareholder approval from both Afterpay and Block shareholders, as well as all necessary judicial clearances, etc.

“Afterpay has shown its leadership and team that groundbreaking fintech innovations from Australia are reaching global proportions be able. The team is incredibly excited about the start of an extraordinary next phase with Block Inc and looks forward to the implementation on February 1st, 2022.

“On behalf of the board of directors and management, I would like to thank our shareholders, customers, dealers, stakeholders and Regulators that they recognize the potential of this incredible company and share in the vision of fairness and financial freedom for all. ”

According to the updated schedule, Afterpay shares will be suspended from trading on January 19, 2022. This is the last day that Afterpay shares are traded on the ASX.

Trading in new block CHESS Depository Interests (CDIs) on the ASX under the symbol SQ2 will begin on January 20, 2022 on the basis of a postponed settlement.

The implementation date, as stated by the Afterpay Chair, is February 1, 2022, on which the shareholders will be provided with the block shares to which they are entitled.

The normal will begin on February 2, 2022 Trading on the ASX for these new shares, holding statements or confirmation notices for the new block CDIs will be sent and trading in new block shares on the New York Stock Exchange will also start.

As a shareholder of Afterpay, I would I look forward to seeing the merger close to completion. I think Afterpay shareholders have a stronger future if they are part of Block than alone.

Afterpay’s share price has fallen around 40% since late October 2021, a very similar decline to Block -Shares equals, which makes sense given the consideration that Afterpay shareholders get.

I’m not sure what a fair price to pay for Block, especially with Afterpay built in. However, the market has not seen such a low block price since 2020. So if investors wanted to buy it, it is certainly cheaper today than it will be for all of 2021.

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Afterpay Ltd (ASX: APT) stock price is being watched after the schedule for its merger with Block Inc (NYSE: SQ) is published was.

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