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AccessMyLibrary    Browse    A    AsiaPulse News    MAR-06    ANALYSTS BACK AUSTRALIAN STOCK EXCHANGE & SFE CORP MERGER.

ANALYSTS BACK AUSTRALIAN STOCK EXCHANGE & SFE CORP MERGER.

Publication: AsiaPulse News

Publication Date: 28-MAR-06
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COPYRIGHT 2006 Asia Pulse Pty Ltd

SYDNEY, March 28 Asia Pulse - Analysts have backed the strategic merit of a merger between the Australian Stock Exchange Ltd (ASX:ASX) and SFE Corporation Ltd (ASX:SFE), saying a tie-up would let each bourse compete better globally.

But investment banks Credit Suisse and Goldman Sachs JBWere said the cost savings of up to $A18 million ($US12.6 million) the ASX had flagged by 2008 may dilute rather than increase the exchange's...

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