AMP revises bid for AXA
AXA Asia Pacific (AXA AP) has received a revised takeover offer from AMP and AXA's parent company, AXA SA.
Under the revised offer, the cash component has been raised by 54 cents per share to $1.92. The initial scrip proposal of 0.6896 AMP shares for each AXA AP share remains unchanged.
In its statement to the Australian Securities Exchange, AXA AP said the group's independent board committee would consider the revised proposal, having knocked back the first advance from AMP and AXA SA in November.
More here.
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