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SGX takeover of ASX hits roadblock

Singapore Exchange’s (SGX) US$8.7 billion takeover of the Australian Exchange (ASX) may have hit a significant roadblock after after Wayne Swan, the country’s treasurer, said he was “disposed” to reject the deal as not in the national interest. In an unusual development, Swan made comments ahead of the end of a standard 30-day review period by the country’s foreign investment…

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