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Galaxy Validly Ended $1.2B BitGo Crypto Deal, Del. Court Says

By Leslie A. Pappas ( June 9, 2023, 8:48 PM EDT) -- Cryptocurrency company Galaxy Digital Holdings Ltd. had a "valid basis" to terminate its proposed $1.2 billion merger with digital asset company BitGo Holdings Inc. because BitGo failed to deliver audited financial statements as required under their merger agreement, a Delaware Chancery Court vice chancellor said Friday....

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