Tuesday, February 22, 2011
Singapore Exchange’s ASX Bid ‘Unusually High,’ Says TSE Head
Bloomberg, 22 Feb 2011Singapore Exchange Ltd. is paying an “unusually high” price for its proposed takeover of ASX Ltd., said Atsushi Saito, president of the Tokyo Stock Exchange, a shareholder of the Singapore bourse.Singapore Exchange offered to buy ASX in a cash and share deal valued at A$8.4 billion, ($8.42 billion), representing a 42 percent premium to the Australian bourse operator’s share
