Forget Australia and choose US

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>.

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

TWR - Capital Return - ATO Class Ruling Obtained
THL - FY25 Trading Update
April 17th Morning Report
EBOS announces opening of Retail Offer
MCY - FY2025 EBITDAF guidance revised to $760m
April 16th Morning Report
AIA - March 2025 Monthly traffic update
Ryman Healthcare FY25 full year results and webcast detail
CHI - Q1 2025 Operational Update
CNU - Q3 FY25 Connections Update