AXA shareholders get $6.43 per share
Shareholders in AXA Pacific Holdings (AXA APH) now know what they will be receiving as a result of the company’s acquisition by AMP Limited.
AMP has told the Australian Securities Exchange (ASX) that AXA APH minority shareholders will receive the equivalent of $6.43 per share for the merger of the two businesses and the sale of the Asian businesses to AXA’s parent company, AXA SA.
It said the final consideration equivalent to $6.43 per cent was comprised of 0.73 AMP shares for each AXA APH share and $2.5464 in cash.
The announcement said the shareholders would also receive AXA APH’s 2010 final dividend of 9.25 cents per share.
It said AXA APH shareholders would be issued with new AMP shares and receive the cash component of the share scheme on 30 March.
AUTHOR
Mike Taylor
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