Singapore Exchange offered to buy ASX in a cash and share deal valued at A$8.4 billion, ($8.42 billion), representing a 42 percent premium to the Australian bourse operator’s share price at the time the bid was announced on Oct. 25. That compares with the 8.1 percent premium for the trans-Atlantic mergers announced this month between Deutsche Boerse AG and NYSE Euronext as well as London Stock Exchange Group Plc and Toronto Stock Exchange owner TMX Group Inc. Full story
Singapore Exchange’s ASX Bid ‘Unusually High,’ Says TSE Head
Bloomberg, 22 Feb 2011
Singapore Exchange Ltd. is paying an “unusually high” price for its proposed takeover of ASX Ltd., said Atsushi Saito, president of the Tokyo Stock Exchange, a shareholder of the Singapore bourse.
Singapore Exchange offered to buy ASX in a cash and share deal valued at A$8.4 billion, ($8.42 billion), representing a 42 percent premium to the Australian bourse operator’s share price at the time the bid was announced on Oct. 25. That compares with the 8.1 percent premium for the trans-Atlantic mergers announced this month between Deutsche Boerse AG and NYSE Euronext as well as London Stock Exchange Group Plc and Toronto Stock Exchange owner TMX Group Inc. Full story
Singapore Exchange offered to buy ASX in a cash and share deal valued at A$8.4 billion, ($8.42 billion), representing a 42 percent premium to the Australian bourse operator’s share price at the time the bid was announced on Oct. 25. That compares with the 8.1 percent premium for the trans-Atlantic mergers announced this month between Deutsche Boerse AG and NYSE Euronext as well as London Stock Exchange Group Plc and Toronto Stock Exchange owner TMX Group Inc. Full story
