AUSTRALIA/NEW ZEALAND - AXA Asia Pacific Holdings (AXA AP) has rejected an A$11bn (US$10.2bn) acquisition offer by Australian financial group AMP claiming it undervalued the company.
The offer - which is backed by AXA SA, AXA AP's parent company and largest shareholder - would see AMP acquiring 100% of AXA AP and merge the Australian and New Zealand businesses with its own oper...
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