Singapore Exchange (SGX) has denied rumours of negotiations
with Nasdaq over a possible merger.
In a statement released on 7 April, the exchange said,
"Following articles in today's media about the prospect of
consolidation among exchanges, SGX would like to take
this opportunity to clarify that we are not in
with Nasdaq on merger and acquisition activity."
The exchange added, however, that it was open to considering
partnerships with others including exchanges, which may
add shareholder value.
Exchange merger mania exploded in Asia when rumours emerged
that both Nasdaq and Australia's Macquarie Bank were interested
in buying SGX, causing the exchange's share price to surge to
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