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News Breaks
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November 8, 2009
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| 18:59 EDT |  | AXA |
| theflyonthewall.com: | AXA in deal with AMP | | AXA announced that a joint offer was submitted by AMP and AXA to the AXA Asia Pacific Holdings -"AXA APH"- board on November 6. AXA and AMP have entered into an exclusive arrangement whereby they have agreed that, if the offer is successful, AXA would take ownership of 100% of the Asian business and AMP would take ownership of 100% of the Australia & New Zealand business. If successful, this offer would be equivalent to AXA selling its 54% stake in AXA APH's Australia & New Zealand business while acquiring the 46% of AXA APH's Asian operations that AXA does not own for a net cash payment of Euro 1.1B. :theflyonthewall.com |
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February 9, 2012
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| 07:17 EDT |  | AXA |
| theflyonthewall.com: | AXA, ACE final two suitors for HSBC's insurance unit, Reuters reports | | AXA (AXA) and ACE (ACE) are said to be the final suitors in the race to buy HSBC's (HBC) $1B general insurance business, Reuters reports, citing people familiar with the matter. Reference Link :theflyonthewall.com |
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