Australia and New Zealand Banking Group Ltd (ANB.DU)
| Previous Close | 14.91 |
| Open | 14.87 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 14.81 - 14.91 |
| 52 Week Range | 14.81 - 14.91 |
| Volume | |
| Avg. Volume | 0 |
| Market Cap | N/A |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
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ReutersMarket reaction to approval for ANZ buyout of Suncorp unit
Australia's Competition Tribunal approved ANZ Group's A$4.9 billion ($3.2 billion) buyout of Suncorp's banking business on Tuesday, allowing the bank to press ahead the acquisition. The takeover still requires approval by Australian Treasurer Jim Chalmers and a sign-off from the government of Queensland, where Suncorp is based.
ReutersANZ's $3.2 billion Suncorp bank unit buyout approved by tribunal
SYDNEY (Reuters) -ANZ Group's A$4.9 billion ($3.2 billion) buyout of Suncorp's banking business was cleared by the Australian Competition Tribunal on Tuesday, paving the way for the bank to press on with the takeover of its significant rival. The ruling came in response to an appeal by ANZ and Suncorp of a decision by the Australian Competition and Consumer Commission (ACCC) that blocked the deal in August on the grounds it would limit competition in Australia's banking sector. On Tuesday, the Australian Competition Tribunal's deputy president, Justice John Halley, told the Federal Court in Sydney there were sufficient "net public benefits" to allow the deal to go ahead.
