SNA - Singapore $8.4b bid for ASX set to fail at three hurdles

The Sydney Morning Herald, 19 Mar 2011 THE bid by the Singapore stock exchange to take over the Australian Securities Exchange is set to fail, with the Federal government highly unlikely to give its blessing and the Nationals about to start a public campaign to block the merger. The $8.4 billion bid by the government-owned Singapore Exchange Ltd needs to jump three hurdles to proceed and, as of yesterday, it was set to fall at all three. Full story Related: SGX's A$7.3 billion bid for ASX falters on government, regulator - Reuters

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New Post: Earth Hour Singapore 2011

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