No merger for Australian and NZ stock exchanges
The Australian Stock Exchange (ASX) Ltd. said Thursday, February 22, a planned merger with the New Zealand Stock Exchange (NZSE) has been called off after they failed to reach an agreement.
"It was decided not to proceed with the merger, having determined that it would not be possible at this stage to reach a solution which ASX felt would be acceptable to both NZSE and ASX shareholders," an ASX statement said.]
An ASX spokesman refused to elaborate on why merger talks had failed. "We're not adding to it, there's really nothing to add from our point of view, it's not considered possible to reach a solution for both sides," he said. —(AFP)
© Agence France Presse 2000
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