AMP Ltd
(ASX:AMP) and AXA SA have revised their offer for AXA Asia Pacific Holdings
(ASX:AXA).
AMP and AXA SA are now offering an increased price of $6.22 a share for the company which represents a 53% premium on AXA Asia Pacific Holdings closing price on November 5 and a 16% improvement on the original proposal.
The revised proposal comprises a fixed cash component of $1.92 and 0.6896 AMP shares per AXA Asia Pacific share. AXA Asia Pacific shareholders will also receive AXA Asia Pacific’s 2009 final dividend of up to 9.25 cents a share.
AXA Asia Pacific says its independent board committee will take the appropriate time to carefully consider the revised proposal and will update shareholders and the market when this assessment has been completed.
AMP reported net profit after tax of $580 million for calendar 2008.
