AXA Asia Pacific Halt Relates To Takeover Proposal From AMP, AXA SA
15 November 2010 - 10:36AM
Dow Jones News
AXA Asia Pacific Holdings Ltd. (AXA.AU) said Monday it has
received a takeover proposal from French parent AXA SA (AXAHY) and
Australian wealth manager AMP Ltd. (AMP.AU).
AXA Asia Pacific put its shares in trading halt and didn't
provide any further details of the proposal. AMP shares are also in
a trading halt.
A previous bid from AMP and AXA SA was rejected in December last
year in favor of a higher offer from National Australia Bank Ltd.
(NAB).
The NAB offer was later blocked by the competiton regulator.
-By Rebecca Thurlow, Dow Jones Newswires; 61-2-8272-4679;
rebecca.thurlow@dowjones.com
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