Nexus takeover in doubt

 Australia's ASX building is seen in central Sydney October 25, 2010. Singapore Exchange (SGX) unveiled an agreed $8.3 billion takeover offer for Sydney-based ASX Ltd on Monday to create the fifth-largest listed exchange in the world. REUTERS/Daniel Munoz (AUSTRALIA - Tags: BUSINESS)

ASX dealings: Nexus could face administration if a takeover proposal from SGH is not approved by shareholders

The takeover of Australian company Nexus Energy by compatriot Seven Group Holdings (SGH) is in doubt after it was revealed the proposed deal might not gain the required shareholder backing.

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