SGX, ASX agree Asia's first ever stock market merger
The Singapore Stock Exchange (SGX) and Australian Securities Exchange (ASX) have agreed to Asia Pacific's first-ever merger of stock exchanges, with a friendly takeover offer from SGX that values ASX at A$8.4 billion ($8.2 billion).
SGX will offer ASX a 37% premium on its Friday closing share price for every share taken up, and pay the rest in cash. The merger, which is still subject to regulatory approval, would create the world's...
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