Sharechat Logo

Forget Australia and choose US

Friday 8th December 2000

Text too small?

Infratil and Morrison & Co director Lloyd Morrison is urging the New Zealand Stock Exchange and its members to abandon merger talks with Australia and look to the US as a partner.

Mr Morrison is circulating a paper attacking the logic put forward for a merger with the Australian Stock Exchange.

Among his concerns are that the merger will impose higher compliance costs on listed companies, will lead to a loss of corporate head offices and highly-qualified financial services professionals to Sydney and Melbourne, and won't deliver the investor attention some have suggested.

He says the US is the critical country in the globalisation process.

The exchange should be aligning itself with US market practice.

The full text is available at <www.nbr.co.nz>.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report