Friday, March 11, 2011

SGX says ASX merger proposal lodged with Australia's FIRB

Singapore Exchange (SGXL.SI) said on Friday it has lodged a formal application to the Australian Foreign Investment Review Board (FIRB) to get approval for its proposed takeover of Australia’s ASX (ASX.AX).

“SGX and ASX will make market announcements and update shareholders as approval processes are cleared,” the Singapore bourse operator said in a statement.
 

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