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FINWIRES

Bullish to Buy Equiniti for $4.2 Billion in All-Stock Transaction

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-- Bullish (BLSH) has agreed to acquire Equinti for $4.2 billion, combining transfer agency services with blockchain infrastructure to support tokenized securities, the company said.

The deal includes about $1.85 billion in assumed debt and roughly $2.35 billion in Bullish stock and is expected to close in January 2027.

The combined company is expected to generate about $1.3 billion in adjusted revenue and more than $500 million in earnings before interest, taxes, depreciation and amortization less capex in 2026, with revenue projected to grow 6% to 8% annually through 2029.

Shares of Bullish fell more than 7% in Tuesday's premarket activity.

Price: $37.56, Change: $-3.14, Percent Change: -7.71%

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