The Proposed Merger of the Australian and Singaporean Exchanges: A Match Made in Heaven?
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?
M&A, strategy, stakeholders, communications, cross-cultural issues
Corporate Finance | Finance and Financial Management
Corporate Governance, Auditing and Risk Management
Executive Education; Postgraduate; Undergraduate
Singapore Management University