ASX Deal Doomed by Giving Up Control to Singapore, Investors Say

BusinessWeek, 11 Apr 2011April 11 (Bloomberg) -- ASX Ltd., the owner of Australia’s main bourse whose complete takeover by Singapore Exchange Ltd. was rejected by the government, may have succeeded with a gradual approach, investors said.Australian Treasurer Wayne Swan blocked Singapore Exchange’s bid for the operator of the Sydney-based bourse April 8. The deal was not in the nation’s interest