Australian financial services provider AXA Asia Pacific Holdings (APH) has received a higher joint takeover offer worth US$11.8 billion from its majority shareholder AXA SA and rival AMP.
The bid from the two entities comes more than a month after AXA APH rejected their joint offer, which valued the business at about US$ 10 billion. It has a good presence in Asia.
Published 14 December 2009, 16:13 IST