The proposed merger of the Australian and Singaporean exchanges: A match made in heaven?
Publication Type
Case
Publication Date
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
Additional URL
https://cmp.smu.edu.sg/case/3131
Comments
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