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Commonwealth Bank of Australia Acquires Substantial Stake in Siteminder Ltd

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Commonwealth Bank of Australia Acquires Substantial Stake in Siteminder Ltd

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Commonwealth Bank of Australia ( (AU:CBA) ) just unveiled an update.

Commonwealth Bank of Australia has become a substantial holder in Siteminder Ltd, holding a 5.15% voting power with 14,476,444 fully paid ordinary shares. This move signifies CBA’s strategic interest in Siteminder, potentially influencing the company’s decision-making and market positioning, thereby impacting stakeholders and the broader industry dynamics.

The most recent analyst rating on (AU:CBA) stock is a Sell with a A$95.00 price target. To see the full list of analyst forecasts on Commonwealth Bank of Australia stock, see the AU:CBA Stock Forecast page.

More about Commonwealth Bank of Australia

Commonwealth Bank of Australia (CBA) operates in the financial services industry, offering a wide range of banking and financial products and services. It serves individual, business, and institutional clients with a focus on retail and commercial banking, wealth management, and investment services.

Average Trading Volume: 2,452,839

Technical Sentiment Signal: Buy

Current Market Cap: A$290.6B

Find detailed analytics on CBA stock on TipRanks’ Stock Analysis page.

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