Patience Gets AMP’s Dunn Second Axa Go as NAB Barred
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Patience may be paying off for AMP Ltd. Chief Executive Officer Craig Dunn.
Ten months ago, wealth manager Axa Asia Pacific Holdings Ltd. rebuffed his A$12.9 billion ($11.9 billion) takeover offer in favor of a higher bid from National Australia Bank Ltd. The competition regulator’s rejection of that deal yesterday gives Dunn, 46, a chance to mount a second attempt that may cost less, said Daniel Toohey, an analyst at CLSA Asia Pacific Markets.