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COPYRIGHT 2004 Financial Times Ltd.
(From Funds International)
French asset management firm, AXA, has been forced to abandon its bid to acquire 48 percent of the shares of its Sydney based subsidiary, AXA Asia Pacific Holdings (AAPH), that it does not already own.
AXA's bid was stymied by AAPH's Australian directors who rejected a final cash offer of A$4.05 per share worth...
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