AMP Alone On AXA Bid
So that's about it for the AMP and its ambitions to take over rival,
AXA Asia Pacific Holdings, with Axa's French parent, AXA SA.
The AMP said yesterday that it's considering its position in relation
to its takeover bid, following the expiry of an exclusivity agreement
with the target's French parent.
AMP said yesterday that
its exclusivity agreement with AXA SA over their bid for AXA Asia
Pacific had expired and, as a result, the two were no longer associated.
"As the agreement has terminated, AXA SA is no longer an associate of
AMP and therefore AMP is no longer a substantial holder in AXA Asia
Pacific Holdings Limited (AXA AP)," AMP said in a statement to the ASX.
The exclusivity agreement expired on Saturday, February 6.
