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An update from Auswide Bank Ltd. ( (AU:ABA) ) is now available.
Auswide Bank Ltd announced that the scheme of arrangement for MyState Bank Limited to acquire all fully paid ordinary shares in Auswide is now legally effective, with trading of Auswide shares to be suspended by the end of February 10, 2025. The implementation of this scheme will result in Auswide shareholders receiving new MyState shares, with the transition expected to influence the company’s market positioning and shareholder structure.
More about Auswide Bank Ltd.
Auswide Bank Ltd, originally a building society since 1966, became Australia’s tenth and Queensland’s third Australian owned bank, listed on the ASX on April 1, 2015. It holds an Australian Credit Licence and an Australian Financial Services Licence issued by ASIC, and is an Authorised Deposit-taking Institution supervised by the Australian Prudential Regulation Authority. Auswide Bank offers a wide range of personal and business banking products and services through branches, strategic relationships, and online channels.
YTD Price Performance: 4.54%
Average Trading Volume: 52,981
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$261.9M
For a thorough assessment of ABA stock, go to TipRanks’ Stock Analysis page.
