AXA APH gets new bid


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.

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