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AMP Ltd (ASX:AMP) has launched a new cash and scrip bid for AXA Asia Pacific Holdings (ASX:AXA) with a fixed value of $6.43 a share.
The bid values AXA for $14 billion, which is the same as the all-cash-bid from National Australia Bank (ASX:NAB) which was approved by AXA's board but then later rejected by regulators.
AMP and AXA are likely to go into a trading suspension this morning as the companies wait on a formal decision on the bid.
AXA's board is expected to approve the offer by this week.
For the half year ended 30 June 2010, AMP generated a net profit of $412 million.
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Last
$1.74 |
Change
-0.015(0.86%) |
Mkt cap ! $4.392B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.76 | $1.73 | $10.17M | 5.881M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5158 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 144539 | 1 |
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| AMP (ASX) Chart |