CANBERRA - SINGAPORE Exchange Ltd.'s A$8.1 billion ($S 10.3 billion) bid for ASX Ltd. was dealt another setback when three key Australian lawmakers said they opposed the sale of the nation's bourse, reported Bloomberg News.
Australian Greens member Adam Bandt, the National Party of Australia's Tony Crook and independent Andrew Wilkie on Thursday joined independent Bob Katter in opposing the proposed tie-up between Asia's fifth- and eighth-largest bourses.
That means Singapore Exchange, part owned by the city-state's government, needs the support of the minority Labor government, which hasn't decided its stance on the deal, and at least four other legislators in the lower house of parliament to approve the deal, said Bloomberg. LINK
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