市场见解

Afterpay (ASX:APT) share price in focus as Square vote confirmed for next week

Afterpay shareholders will soon get their say on a monumental takeover.
The post Afterpay (ASX:APT) share price in focus as Square vote confirmed for next week appeared first on The Motley Fool Australia. –

Today was once expected to be a massive day for Afterpay Ltd (ASX: APT) and its share price, with its investors set to go to the polls on Square Inc‘s (NYSE: SQ) takeover.

However, the monumental vote was delayed – and now we know when it will take place.

At the time of writing, the Afterpay share price is $98.24.

Could this impact the Afterpay share price today?

Investors likely pencilled today’s date into their calendar early last month in the expectation Afterpay’s impending takeover will be going to a shareholder vote this morning.

However, last week the vote was pushed back. The company has today revealed when it will go ahead.

Shareholders, dismiss your last mark and circle next Tuesday – 14 December. You’ll have your say at 9am AEDT that morning.

All eyes will be on the Afterpay share price then as the takeover faces yet another potential hurdle.

Afterpay is still planning for the takeover to go ahead in the first quarter of 2022.

The hold up is due to Spain’s central bank. The takeover is conditional on its approval, which it hasn’t yet given.

Afterpay previously stated it expects the Bank of Spain will give its approval in the middle of next month. Though, its deadline isn’t until mid-February.

The bank regulates a European subsidiary of Afterpay, Pagantis. The subsidiary provides Afterpay with the regulatory licencing needed to operate in European Union member states.

The acquisition passed a major milestone last month when shareholders of Square – soon to be renamed ‘Block’approved the issuance of new stock for the all-scrip transaction.

Today, the company will go ahead with its plan to open the scheduled scheme meeting, wherein shareholders were originally expected to vote, before immediately adjourning it.

While the happening is not price-sensitive, it could inspire interest in Afterpay, thereby affecting its share price.

The meeting will be opened and adjourned by the company’s chair, Elana Rubin.

The post Afterpay (ASX:APT) share price in focus as Square vote confirmed for next week appeared first on The Motley Fool Australia.

Should you invest $1,000 in Afterpay right now?

Before you consider Afterpay, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Afterpay wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

These were the worst performing ASX 200 shares last week

Here’s why Square is down today while the stock market is rising

Why Afterpay, Liontown, Northern Star, and Xero shares are falling

Is Square stock a buy?

ASX 200 (ASX:XJO) midday update: Afterpay sinks, Woolworths bids for API

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and Square. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!