International Law News
5/13/2008 9:40:50 AM EST
St. George Bank Agrees To Westpac Bid; One Of Australia's Biggest Corporate Deals
SYDNEY, Australia – (AP) St. George Bank agreed Tuesday to a nearly 19 billion Australian dollar ($18US billion; €12 billion) takeover offer from Westpac Banking Corp. that would create Australia's biggest bank and be one of the country's largest corporate deals.
The two lenders said in a joint statement Tuesday that Westpac was offering 1.31 of its own shares … Full version (available to lexis.com subscribers)
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