Bloomberg ETF analyst Eric Balchunas said Simplify has submitted an alternative acquisition offer for exchange-traded funds under USCF, with pricing slightly above its earlier proposal. The update points to a possible bidding contest between the parties if competing offers continue to develop. The report did not disclose financial terms, the number of ETFs involved, or a timeline for any transaction. The information was cited by Odaily in a brief market update, attributing the claim to Balchunas. At this stage, the key disclosed facts are limited to the revised offer, the higher price relative to the prior plan, and the possibility that the process could turn into a competitive bid.
Odaily reported that Bloomberg ETF analyst Eric Balchunas said Simplify has made an alternative acquisition offer for ETFs under USCF, with the new bid coming in slightly above the previous proposal.
Balchunas said the two sides could move into a bidding contest.
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