Axa Asia unit snubs $10bn offer

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09 November 2009 3:58 AM ( 129 days ago)
Australian insurer Axa Asia Pacific Holdings has rejected a takeover bid from its French parent firm Axa and local rival AMP.Under the complex offer, worth about $10.3bn (£6.1bn), AMP would buy all of Axa Asia Pacific's shares, including those held by parent Axa. AMP would then hol...
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