Tokyo Stock Exchange warns SGX not to raise ASX offer

Reuters, 22 Feb 2011TOKYO, Feb 22 (Reuters) - The Singapore Exchange (SGXL.SI) should not raise its already generous offer to buy Australian bourse operator ASX (ASX.AX) because that would bring unnaceptable dilution for its shareholders, said the chief executive of the Tokyo Stock Exchange, which owns a 5 percent stake in the Singapore bourse.SGX faces pressure to sweeten its $7.9 billion offer