MELBOURNE, Dec 14 (Reuters) - AXA Asia Pacific Holdings said on Monday its suitors, AMP Ltd and AXA SA have raised the cash component of their takeover offer.
It said it would consider the offer, which is about 16 percent above the initial offer.
AMP and AXA SA are offering 0.6896 AMP shares plus A$1.92 a share, compared with a variable cash component in the previous offer of around A$1.38.
AXA Asia Pacific said the new offer is worth A$6.22 per share, against the implied value of the original offer at A$5.34 a share.
(Reporting by Sonali Paul)
((sonali.paul@thomsonreuters.com; +61 3 9286 1419; Reuters Messaging: sonali.paul.reuters.com@reuters.net)) Keywords: AXAASIAPACIFIC/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
It said it would consider the offer, which is about 16 percent above the initial offer.
AMP and AXA SA are offering 0.6896 AMP shares plus A$1.92 a share, compared with a variable cash component in the previous offer of around A$1.38.
AXA Asia Pacific said the new offer is worth A$6.22 per share, against the implied value of the original offer at A$5.34 a share.
(Reporting by Sonali Paul)
((sonali.paul@thomsonreuters.com; +61 3 9286 1419; Reuters Messaging: sonali.paul.reuters.com@reuters.net)) Keywords: AXAASIAPACIFIC/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.