Australia Probes SGX's $8.2B Purchase Of ASX

Law360, New York (November 10, 2010, 2:04 PM EST) -- Australia’s antitrust regulator reportedly indicated Wednesday that it was investigating Singapore Exchange Ltd.’s proposed $8.2 billion purchase of the Australian exchange ASX Ltd., citing concerns that the deal could make it tougher for new trading platforms to compete in Australia.

The Australian Competition and Consumer Commission kick-started an inquiry into the deal Wednesday, Reuters reported.

The ACCC asked whether the proposed deal was likely to affect the proposed entry of Chi-X Australia, Chi-East Pte Ltd. or other potential suppliers of trading platforms, according to Reuters....
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