Econintersect: The SGX (Singapore Stock Exchange) has raised the amount of its offer and conceded more equal control to the ASX (Australian Stock Echange) in the SGX attempt to merge the two exchanges. GEI News reported on February 10 that the offer then stood at $7.9 billion.The latest offer is $8.4 billion.
Political forces in Australia have opposed the proposed merger. The new proposed merger agreement is an attempt to defuse those objections.
According to the Financial Times: