axa takeover, page-22

Hi All

As a NAB holder I've been interested to read the opinions about the AXA takeover etc.

dharry's earlier reference to P/E multiples, earnings market Cap etc. seem valid to me from a distance.

Now AXA has come out with some OK results etc. which make NAB's offer a littel easier to swallow for holders.

This is from an article today re: AMP and thier results and potential for another HIGHER offer:

from The Age, 19/2/10:

Analysts at RBS said that based on AXA's rise in annual net profits to $679 million on Wednesday, AMP could afford to pay up to $6.80 a share in cash for its target, based on a capital raising of $1.5 billion to fund the takeover.

Just wondering on opinions about this to the posters who disagree with NAB takeover move being a good one?

If NAB is supposedly crazy to be offering what they are, how on earth could AMP even think about offering more?!
I am not an analyst, but surely these a guys at RBS have some idea???

Cheers
Spek

Please DYOR