AXA's bid to buy out minority shareholders of its Australian subsidiary has failed.
Axa offered an all-cash bid to buyout the 48.44% of Axa Asia Pacific Holdings it did not already own at a share pr …
AXA's bid to buy out minority shareholders of its Australian subsidiary has failed.
AXA offered an all-cash bid to buy out the 48.4% of AXA Asia Pacific Holdings it did not already own at a share price of A$4.05, bringing the value of the deal to A$3.3bn.
But reports said the offer was “some distance” from what had been expected by the Australian independent board members and talks had been terminated.
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