The proposed merger of the Australian and Singaporean exchanges: A match made in heaven?

The Singapore Exchange Limited (SGX) proposed takeover of the ASX Limited (ASX) was a watershed event, and the first of its kind involving two exchanges in the Asia-Pacific. This case showcases the multifaceted dimensions and intricacy of cross-border mergers and acquisitions. A number of issues had...

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Bibliographic Details
Main Authors: FOO, See Liang, OHLSSON-CORBOZ, Ann-Valerie
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
Subjects:
M&A
Online Access:https://ink.library.smu.edu.sg/cases_coll_all/12
https://cmp.smu.edu.sg/case/3131
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Institution: Singapore Management University
Language: English
Description
Summary:The Singapore Exchange Limited (SGX) proposed takeover of the ASX Limited (ASX) was a watershed event, and the first of its kind involving two exchanges in the Asia-Pacific. This case showcases the multifaceted dimensions and intricacy of cross-border mergers and acquisitions. A number of issues had to be addrressed. These included: Was the offer price right? Was the takeover strategy appropriate? Were the preparations adequate for key stakeholders’ buy-in of the takeover? Were employees’ job security assured? What were the synergies and sustainable value-propositions and how were these transacted into corporate financial and cultural well-being?