Due diligence
Everything you need to know about the ANZ/Suncorp Bank decision
On Tuesday, the Australian Competition Tribunal will decide if the $4.9 billion deal can be done. Whichever way it goes, the ramifications will be significant.
James Eyers and Liam WalshWhichever way it decides this week, the Australian Competition Tribunal’s ruling on ANZ’s takeover of Suncorp Bank will have wide ramifications for banking and insurance.
Will the tribunal support the competition regulator’s decision to block ANZ’s $4.9 billion purchase of the Queensland-based regional lender? Or will it overturn the competition regulator to allow the blockbuster deal to finally get done? Those close to the case say it’s too close to call. Arguments each way are finely balanced.
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