05 Apr '11, 6am

SGX says they will seek other forms of cooperation with ASX after Treasurer Wayne Swan said he intends to reject the deal

Singapore Exchange said it would consider other forms of cooperation with the Australian Exchange after Australian Treasurer Wayne Swan said he intended to reject its takeover proposal. -- PHOTO: REUTERS SYDNEY - SINGAPORE Exchange said on Tuesday it will consider other forms of cooperation with Australian bourse operator ASX Ltd after Australian Treasurer Wayne Swan said he intended to reject its A$7.8 billion (S$10.1 billion) takeover proposal. 'We will continue to pursue organic as well as other strategic growth opportunities, including further dialogue with ASX on other forms of co-operation,' SGX said in a statement. SGX also said it will consider appropriate responses to Australia's Foreign Investment Review Board.

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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