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On April 19, Singapore Exchange posted its lowest quarterly profit in two years, hurt by costs related to a failed takeover bid for Australian rival ASX (above) and putting the spotlight on Böcker’s growth strategy |
On April 8 the Australian Treasury did what most in the market had seen as inevitable for months: it blocked the Singapore Stock Exchange’s bid for its Australian counterpart, the ASX. In a forlorn statement, the SGX said: “The parties have agreed to mutually terminate the merger implementation agreement entered into on October 25 2010.”
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