Singapore Exchange Ltd., pursuing a A$7.78 billion ($7.78 billion) takeover of ASX Ltd., offered to give more board seats to Australians as the companies battle to overcome opposition to the deal from lawmakers in Canberra.
Magnus Bocker has cost Singapore Exchange Ltd.’s shareholders $1.5 billion with his gambit to buy Australia’s ASX Ltd. Putting his own bourse up for sale may be the fastest way to recoup those losses.
Singapore Exchange Ltd. plans to offer cash and stock worth about A$8.4 billion ($8.2 billion) to buy ASX Ltd., operator of the Australian stock exchange, said two people familiar with the matter.
Singapore Exchange Ltd.’s offer to pay the biggest premium ever for a securities exchange to buy ASX Ltd. is now giving traders a chance to double their money.