AMP: AXA Asia Pacific Remains Strategically Attractive At Right Price
September 08 2010 - 8:48PM
Dow Jones News
AMP Ltd. (AMP.AU) continues to see AXA Asia Pacific Holdings
Ltd. (AXA.AU) as an attractive strategic target but sees no urgency
to make any quick moves on the group after the Australian
Competition and Consumer Commission said it continues to oppose
National Australia Bank Ltd.'s (NAB.AU) A$13.3 billion bid for AXA
APH, an AMP spokeswoman said Thursday.
"AMP has always said AXA remains strategically attractive but at
the right price," the AMP spokeswoman said.
She said the group feels no sense of urgency to decide on its
next steps and said whether the group will seek fresh talks with
AXA APH's parent company, AXA SA (AXAHY) is "a decision for another
day".
She said the group welcomed the ACCC's decision to oppose NAB's
deal and said it was a "great outcome for competition".
-By Lyndal McFarland, Dow Jones Newswires; 61-3-9292-2093;
lyndal.mcfarland@dowjones.com
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