Singapore Exchange agreed to buy Australian exchange ASX for A$8.4 billion ($8.3 billion).
The Singapore Exchange offer is worth A$48 per share of ASX, a 37% premium over the company’s closing price on Oct. 22, Bloomberg News reported. The two exchanges will be separate legal entities and subject to local regulation.
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Continue reading Singapore Exchange to Buy ASX for $8.3 Billion
Singapore Exchange to Buy ASX for $8.3 Billion originally appeared on DailyFinance on Mon, 25 Oct 2010 08:15:00.
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