NAB's AXA takeover

[drunkestdriver]

Can anyone tell me why AXA went down today and NAB went up after the ACCC decision yesterday.

If anyone has any thoughts about this would be great.

 

[akkopower]

nab was willing to pay axa more than fair value so it could own all the shares and own the entire company. So b4 the announcement axa was trading above fair value and nab under fair value as some of their capital was going to be spent on an over priced asset, axa.

So after the announcement both reverted back to what the market thought they should be worth.

 

[doctorj]

For what it's worth, Axa SA is trading up 1.64% on the CAC.

 

[skc]

This take over is taking forever...

NAB sold (in principle anyway) the North platform to IFL today and they hope that the ACCC will OK the bid as a result.

I don't understand why AXA is only trading at $5.45.

AMP was bidding $6 something, while NAB is bidding $6.43 or $1.59 + 0.1745 x NAB shares (or $5.8). I would have thought even the NAB bid falls through, AMP will take another bite since they already have ACCC approval as well.

 

[skc]

AXA being cute with NAB

 

[skyQuake]

AXA being cute with NAB

Awesome ad, I saw that one day the ACCC blocked the bid.
AXA probably had those ads ready to roll.

 

[skc]

Awesome ad, I saw that one day the ACCC blocked the bid.
AXA probably had those ads ready to roll.

Although it is factually incorrect.

The truth is

AXA's North. A platform not good enough to make IOOF a decent competitor even if it was given to them for free.