Tuesday, February 22, 2011

Singapore bourse must pay high premium for ASX

The Singapore Exchange (SGXL.SI) will have to offer a high premium in order to buy Australian bourse operator ASX (ASX.AX), the chief executive of the Tokyo Stock Exchange, Atsushi Saito, said on Tuesday.

The Singapore Exchange, in which the TSE owns just under 5%, is attempting a US$7.9 billion ($10.1 billion) takeover of ASX.
 

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