Singapore Exchange (SGXL.SI) chief executive said on Friday he sees other targets for mergers if its proposed US$7.9 billion ($10.1 billion) takeover of Australian bourse operator ASX (ASX.AX) fails.
“There are other fishes,” CEO Magnus Bocker said in response to a question posed to him during a seminar.
 
The planned SGX-ASX merger, the first major consolidation of Asia-Pacific exchanges, faces regulatory hurdles, including getting Australia’s parliament to lift a 15% ownership cap on the ASX and approval from the country’s Foreign Investment Review Board (FIRB).