Axa, of France, and AMP, the Australian wealth manager, have sweetened their bid for Axa Asia Pacific as the French insurer steps up a fight for control of its subsidiary's high-growth Asian businesses.
The two companies gave Axa Asia Pacific seven days to accept the bid after raising their joint cash and scrip offer by 16 per cent to A$12.85bn ($11.8bn).
Axa and AMP made an unsolicited offer for the Australian-listed asset manager last month, but were rejected.
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