Australia kills SGX-ASX deal

SYDNEY - Australia's Treasurer and acting Prime Minister Wayne Swan this morning officially announced that the government has rejected Singapore Exchange's (SGX) bid for bourse operator ASX (ASX), a takeover which would have created one of Asia's leading stock markets.

"It was a no-brainer that this deal was not in Australia's national interest," Mr Swan told reporters today in Canberra, three days after the nation's Foreign Investment Review Board advised the government to reject it on national-interest grounds.


ORIGINAL SOURCE

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