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• Bullish said it agreed to acquire Equiniti in a $4.2 billion transaction structured as $1.85 billion in assumed debt and about $2.35 billion in Bullish stock.
• The deal unifies Bullish’s tokenization stack with a regulated agent to create an integrated blockchain-enabled issuer services provider, according to a statement.

Bullish has agreed to acquire Equiniti, a global transfer agent, from private equity firm Siris in a $4.2 billion deal that marries the crypto exchange’s tokenization infrastructure with a regulated shareholder services firm that processes $500 billion in annual payments, the company announced on Tuesday. 

The $4.2 billion consideration includes $1.85 billion of assumed Equiniti debt and approximately $2.35 billion in Bullish stock priced at $38.48 per share. The deal also grants Siris a call option to acquire non-core Equiniti business lines, which were excluded from the transaction’s financial disclosures, the Tom Farley-led exchange said in a statement.

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