08 Apr '11, 12am

Australia rejects Singapore's stock exchange bid: Australia has rejected the Singapore stock exchange's $8.3 bil...

Australia has rejected the Singapore stock exchange's $8.3 billion takeover bid for the Australian stock market operator . Federal Treasurer Wayne Swan said Friday that the merger would not be in the nation's interest. The takeover would have created one of Asia's leading stock markets. SGX made the takeover offer for ASX in October. The two companies had hoped the deal would help them compete as bigger global exchanges join forces.

Full article: http://sg.news.yahoo.com/australia-rejects-singapores-sto...

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