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The parties are currently discussing the period's extension, which was already shifted to 15 July from the beginning of June, following competition anxiety over NAB's bid for AXA APH.
Warbreck took full advantage of APH's slip to take over top spot with a solid 2-0 success over St Philomena's, which was endorsed by goals from Shaun McCulloch and Tony Millar.
NABa[euro](tm)s chief executive, Cameron Clyne, said in a statement today that it would not be in the best interest of shareholders to continue the battle for AXA APH.
However, the competition regulator blocked NAB's offer for AXA APH, citing competition concerns.
AXA and NAB announced on 30 March 2010 a binding agreement under which NAB would take AXAa[euro](tm)s stake in AXA APH for USD4.6bn (EUR3.6bn), while AXA was buying the Asian business of AXA APH for USD9.4bn, with the price including the USD700m debt of AXA APH's Australian and New Zealand operations to AXA.
20 April 2010 - The National Australia Bank (ASX:NAB) is not content with Australia's antitrust watchdog's decision to oppose its takeover bid for AXA Asia Pacific Holdings (ASX:AXA), or AXA APH, NAB said today.
Late in March, NAB and AXA struck a deal, under which NAB was supposed to take AXA's stake in AXA APH, while AXA was to acquire the Asian operations of AXA APH.
According to the regulator, NAB's acquisition of AXA APH would lead to a sufficient competition squeeze on the retail wealth-management market.
31 March 2010 - The National Australia Bank (ASX:NAB) has struck a deal with French insurer Axa (EPA:CS) on the takeover of AXA Asia Pacific Holdings (ASX:AXA), or AXA APH, the Financial Times reported Tuesday.
22 January 2010 - The National Australia Bank (ASX:NAB) is on track to strike a USD12bn (EUR8.5bn) deal to acquire the Australian and New Zealand businesses of local AXA Asia Pacific Holdings (ASX:AXA), or AXA APH, after completing due diligence on the company.
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