Singapore $8.4b bid for ASX set to fail at three hurdles

The Sydney Morning Herald, 19 Mar 2011THE bid by the Singapore stock exchange to take over the Australian Securities Exchange is set to fail, with the Federal government highly unlikely to give its blessing and the Nationals about to start a public campaign to block the merger.The $8.4 billion bid by the government-owned Singapore Exchange Ltd needs to jump three hurdles to proceed and, as of