Title

The Proposed Merger of the Australian and Singaporean Exchanges: A Match Made in Heaven?

Publication Type

Case

Year Completed

3-2012

Abstract

The Singapore Exchange Limited (SGX) proposed takeover of the ASX Limited (ASX) was a watershed event, and the first of its kind involving two exchanges in the Asia-Pacific. This case showcases the multifaceted dimensions and intricacy of cross-border mergers and acquisitions. A number of issues had to be addrressed. These included: Was the offer price right? Was the takeover strategy appropriate? Were the preparations adequate for key stakeholders’ buy-in of the takeover? Were employees’ job security assured? What were the synergies and sustainable value-propositions and how were these transacted into corporate financial and cultural well-being?

Keyword(s)

M&A, strategy, stakeholders, communications, cross-cultural issues

Discipline

Corporate Finance | Finance and Financial Management

Research Areas

Corporate Governance, Auditing and Risk Management

Data Source

Published Sources

Industry

Stock Exchange

Geographic Coverage

Singapore, Australia

Temporal Coverage

2011

Education Level

Executive Education; Postgraduate; Undergraduate

Publisher

Singapore Management University

Case ID

SMU-12-0004

Comments

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