Axi Bids to Acquire Aussie Broker SelfWealth, Undercuts Competitor’s Offer by 1 Cent
AxiCorp Financial Services, which operates a retail contracts for differences (CFDs) brokerage under the brand Axi, is interested in acquiring the Australian trading platform SelfWealth and has submitted a bid of 23 cents per share. This would value the deal at AUD 52 million (about USD 34 million). Start of a Bidding War Axi’s latest…