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AXA accepts NAB's offer
Thursday 17th of December 2009
NAB will offer investors either A$6.43 a share in cash, or a combination of cash and stock worth A$6.50 a share, a premium of 3.7% or 4.5% over the AMP offer worth $6.22 respectively.
The cash and stock option is made up of A$1.59 in cash and 0.1745 shares in NAB for every AXA AP share.
The deal values the Australian and New Zealand businesses at A$4.6 billion, and the merg...
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