UPDATE: Australia&#39;s AXA Rebuffs A$3.4B Buyout By Parent
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MELBOURNE (Dow Jones)--Australian insurer AXA Asia Pacific Holdings Ltd. (AXA.AU) rebuffed Monday a buyout proposal from major shareholder AXA SA (AXA) after it wouldn&#39;t agree to the A$3.
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Australian stocks fell, led by Axa Asia Pacific Holdings Ltd., after Axa SA, its parent, withdrew aA$3.4 billion ($2.5 billion) offer for the shares of the company it doesn&#39;t already own.
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America West Holdings Corp., of Phoenix, the parent company of America West Airlines, declined to bid for bankrupt ATA&#39;s assets Thursday, America West said.
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The company has been rebuffed in Australia as it tries to grow.
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The company said the decision was a &quot;major step&quot; towards implementing its controversial rescue plan. Major shareholders are opposing the deal, which hands control of
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SYDNEY- Australian shares fell 0.3 per cent on Monday, led down by insurer Axa Asia Pacific after it ended buyout talks with its French parent and by a weaker banking sector on concerns over higher interest rates.
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Delta Air Lines officially rejects an $8bn (Â£4.05bn) merger with US Airways proposed last month.
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British drugs wholesaler and retailer  Alliance Boots Plc  said on Monday it had rejected an  approach worth 9.7 billion pounds ($18.8 billion) from private  equity firm Kohlberg Kravis and Roberts .
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Business & money: Â· Alcoa bows out of contest in face of $38bn offer Â· Bid battle helps push Dow Jones to record close
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The Netherlands-based Corporate Express rejected an unsolicited $3.67 billion buyout offer from Staples as too low, but some analysts expect an eventual agreement.
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Business & money: Deal forced to be scrapped as the fallout from the sub-prime markets continues to spread
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Australia&#39;s Babcock & Brown  Infrastructure Ltd.  made a revised takeover offer for  U.S. utility NorthWestern Energy Corp.  after a  regulator blocked its initial US$2.2 billion bid on concerns  the deal was not in the interests of customers.
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Australian nickel and copper miner WMC Resources has rejected aA$7.4 billion (3 billion pounds) takeover bid from Swiss-based Xstrata, but has left the door open for a higher offer.
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Shares in insurance company AXA Asia Pacific have tumbled after a takeover offer from its French parent company was rejected by the Australian directors.
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Swiss-based miner Xstrata says it will take its A$7.4 billion (3.1 billion pound) bid for Australia&#39;s WMC Resources directly to the company&#39;s shareholders, effectively making a hostile bid after WMC&#39;s management rejected its offer
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Auckland International Airport  rejects a Canadian pension fund's offer for up to a 40% stake in the airport.
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FOSTER&#39;S board has withstood a blistering three-hour attack from shareholders appalled at their treatment over the ALH sell-off.