Tag: Merger

SYDNEY: Australia's stock exchange chief lauded a proposed multi-billion-dollar merger with Singapore's bourse Saturday, saying the nation was "indebted" to Asia and should seek greater regional integration. Australian Securities Exchange (ASX) CEO Robert Elstone said the $8.3-billion merger was a "natural competitive and regulatory evolution of Australia's capital markets" as power shifted to Asia.
The bid, announced in October, sparked a strong political backlash in Canberra,