One of those strategies worthy of consideration is a merger with ASX, which the Board feels should enhance the value to shareholders of both organisations, reduce costs for customers and be in the national interest.
In arriving at this view, the Board has taken into account not only the market efficiencies associated with merging the two organisations but also opportunities presented by adopting the structure that other exchanges in the region, (notably Hong Kong and Singapore) have adopted.
This view has been communicated to ASX in recent months. However, no discussions are taking place between the two organisations in relation to a merger for the reasons publicly stated by the ASX.
