Bigjoe. It's easier to clean up AMP's mess than it is for a competitor to obtain AMP's prominence, network and market position.
It would be hopeful, if not naive, to think a merger of the size of AXA/AMP could transpire without infighting to some degree. Long term it doesn't matter. Long term, what matters is how the merger contributes to AMP's earnings and whether its market position is bolstered.
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