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Australia Says No-Go On NAB's $12B AXA Deal

By Megan Stride (April 19, 2010, 3:23 PM EDT) -- Australia's competition watchdog has said it will oppose National Australia Bank Ltd.'s plan to acquire insurance giant AXA SA's Australian and New Zealand wealth management unit in a deal valued at $12.2 billion, but will not stand in the way of a competing bid from another Australian financial services company....

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