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Singapore Exchange offering $8.3 bln to buy ASX

Posted on 25 October 2010

From Bloomberg: Singapore Exchange Ltd. is offering cash and stock worth A$8.4 billion ($8.3 billion) to buy ASX Ltd., Australia’s main stock exchange operator, the companies said today.
Singapore Exchange will offer A$48 per ASX share, the companies said at press briefings in Sydney and Singapore. ASX shareholders will receive A$22 cash and 3.473 new shares in Singapore Exchange for every share they hold in the Australian bourse operator, the exchanges said……………………………………….Full Article: Source


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