axa

French insurer Axa SA said its revenue slipped 3.1 percent in the nine months to September 30 on a steep drop in sales of life insurance and savings products in the U.S. and Britain.

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• BHP (NYSE: BHP) makes formal bid for Rio Tinto (NYSE: RTP).
  
  Offers 3.4 shares of BHP for each Rio shares.
• AXA (NYSE: AXA) has entered into an agreement to acquire OYAK's fifty percent (50%) share in AXA OYAK Holding A.S.
  
  ("AXA OYAK"), a company established by AXA and OYAK in 1999. Under the terms of the agreement, AXA will pay a purchase price of $525 million (approximately Euro 355 million) in cash for OYAK's 50% share in AXA OYAK(1).