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Auswide Bank Ltd. ( (AU:ABA) ) has issued an announcement.
Auswide Bank Ltd has announced a significant update regarding its acquisition by MyState Bank Limited through a scheme of arrangement. The proposed acquisition, subject to shareholder approval, will be reviewed in a second court hearing by the Supreme Court of New South Wales. This acquisition could significantly impact Auswide’s operations and market presence, aligning with MyState’s strategic growth plans.
More about Auswide Bank Ltd.
Auswide Bank Ltd, listed on the ASX, is Australia’s tenth and Queensland’s third Australian-owned bank. Established as a building society in 1966 and transformed into a bank in 2015, Auswide holds an Australian Credit Licence and an Australian Financial Services Licence. It offers a wide range of personal and business banking products and services through branches, strategic partnerships, and digital channels.
YTD Price Performance: 0.21%
Average Trading Volume: 54,479
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$251.1M
Learn more about ABA stock on TipRanks’ Stock Analysis page.
