Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Auswide Bank Ltd. ( (AU:ABA) ) just unveiled an update.
Auswide Bank Ltd announced the approval of a scheme of arrangement for MyState Bank Limited to acquire all of its fully paid ordinary shares. The scheme resolution received overwhelming support with 90.59% of shareholders in favor and 93.51% of total votes cast supporting the move. The next steps involve seeking court approval, with plans to suspend Auswide shares from trading on the ASX and implement the scheme by February 19, 2025, indicating a significant corporate transition for Auswide and its stakeholders.
More about Auswide Bank Ltd.
Auswide Bank Ltd is a financial institution primarily focused on providing a range of banking services, including personal and business banking solutions, in the Australian market. It is publicly listed on the Australian Securities Exchange (ASX: ABA).
YTD Price Performance: 4.12%
Average Trading Volume: 48,558
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$260.9M
For an in-depth examination of ABA stock, go to TipRanks’ Stock Analysis page.
