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Monday, March 21, 2011

OPINION: SGX deal needs major surgery to avoid certain political death - Jennifer Hewett

The Australian, 21 Mar 2011IGNORE Wayne Swan's firm denials. The proposed takeover of the Australian Stock Exchange by Singapore Exchange has been receiving political last rites for some time. It's not yet officially dead. And certainly no one is publicly conceding the imminent demise of the original $8 billion deal. But any prospect of a miraculous recovery would require major surgery -- and so