MoFo is advising Xpansiv Data Systems, Inc. (Xpansiv) in its pending merger with Commodity Bourses Limited (CBL), an Australian company operating as CBL Markets. Xpansiv and CBL have signed an implementation deed, under which CBL will acquire all Xpansiv common and preferred stock in exchange for the issue of new securities in CBL, subject to certain limits. Upon transaction close—which is subject to a number of conditions—the combined companies will operate under a unified holding company named Xpansiv CBL Holding Group.
The MoFo team advising Xpansiv is led by San Francisco corporate partners Suz Mac Cormac and Mike O’Bryan, and includes associates Benjamin Fox, Stephanie Ference and Patrick Barrett.
Read the company’s press release.