Oct. 24 (Bloomberg) -- Singapore Exchange Ltd. plans to offer about A$8.4 billion ($8.2 billion) in cash and stock to buy ASX Ltd., which runs the Australian stock exchange, said two people familiar with the matter.The operator of Singapore’s exchange will bid A$48 per ASX share and pay 55 percent of the deal in stock and the remainder in cash, said the people, who asked not to be identified before an announcement scheduled for tomorrow. ASX shareholders will receive A$22 cash for each share they hold, they said.
The offer price represents about a 37 percent premium to the last closing price of ASX in Sydney. Trading in shares of both companies was halted on Friday. Full story
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