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The high-stakes legal battle over whether the $4.9 billion transaction should proceed is half done. And so far, it is unclear who’s on top, writes James Eyers. ....
It is now ten months since ANZ unveiled its A$4.9 billion takeover bid for Suncorp Bank, and since then ANZ, Suncorp and other key parties have been circumspect in their disclosures on the progress of the numerous negotiations needed to push this offer over the line. ....
One of the big decisions Treasurer Jim Chalmers faces is ANZ’s proposed $4.9 billion takeover of Suncorp’s banking arm as it seeks to expand in Queensland. ....
All the right parochial pledges were being made this week to smooth the political road ahead for the ANZ-Suncorp deal. But AFR Weekend can reveal gaping doubts about how such corporate promises will be enforced. ....