ASX bids for SFE Corp

New Angles

The Australian Stock Exchange (ASX) has bid A$2.3 billion ($1.6 billion) for SFE Corporation, which runs the Sydney Futures Exchange. ASX plans to exchange each SFE share for 0.51 ASX shares, a 25% premium on the current market value. The company also promised to hand back A$100 million to shareholders if the merger succeeded. SFE shareholders were also given the option of receiving A$2.58 per share in cash and the balance in shares.

If the merger goes ahead, ASX chairman Maurice Newman and chief

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: