Nov 9: Axa Asia Pacific rejects $10bn offer

Australia's AMP has teamed up with French rival Axa to engineer an A$11bn (US$10.2bn) bid for Axa Asia Pacific, the Australian listed asset manager, in one of the largest takeover offers in the financial services sector since the onset of the financial crisis. Ben McLannahan of Lex analyses why Axa and AMP are interested in Axa Asia Pacific.