Will Suncorp Shareholders Get Anz Shares. ANZSuncorp merger Bendigo & Adelaide alternative maligned as shareholders signal preference Owners of Suncorp Group Ltd (ASX: SUN) shares will likely know of the $4.9bn sale of Suncorp Bank. At the time of writing, the banking giant's shares are up 0.5% to $28.42
ANZ shares drop on Suncorp deal profit hit — Capital Brief from www.capitalbrief.com
The expectation is for ~$4.1bn to be returned to shareholders but the exact amount and special dividend details wont be known until the March quarter of 2025 according to SUN. This approval paves the way for completion of the transaction, which was announced in July 2022, and follows approval from the Australian Competition Tribunal in February 2024 and the passing of legislation by the Queensland government in June 2024 to amend the Metway Merger Act.
ANZ shares drop on Suncorp deal profit hit — Capital Brief
The expectation is for ~$4.1bn to be returned to shareholders but the exact amount and special dividend details wont be known until the March quarter of 2025 according to SUN. For ANZ shareholders, however, there will be a silver lining in the form of a blockbuster share buyback or special dividend, after it raised $3.5 billion of capital in 2022 to fund the acquisition. ANZ shares were largely flat in early trading on Friday, while Suncorp shares jumped by more than 4.5 per cent to $17.58
ANZSuncorp deal to entrench power of big banks The Australian. This approval paves the way for completion of the transaction, which was announced in July 2022, and follows approval from the Australian Competition Tribunal in February 2024 and the passing of legislation by the Queensland government in June 2024 to amend the Metway Merger Act. The capital return and accompanying share consolidation were approved by Shareholders at Suncorp's 2024 Annual General meeting held on 22 October 2024
ANZ SUNCORP MERGER STOCK, People walk past an ANZ storefront in Sydney, Tuesday, February. The Suncorp share price has fallen 8% since it and ANZ announced the $4.9 billion plan for. For ANZ shareholders, however, there will be a silver lining in the form of a blockbuster share buyback or special dividend, after it raised $3.5 billion of capital in 2022 to fund the acquisition.