Not much in it. The following is the first 4 lines of the article (acknowledgement: The Australian, Data Room by Bridget Carter), which sums it all up:Suitors are understood to have been circling Bank of Queensland for potential acquisitions, but have walked away after determining there is no obvious deal to do.
It comes after Bank of Queensland announced in April that it was launching a strategic review of the business.
Shares have rallied of late, but analysts attribute some of the uplift to the prerelease of results by rival Bendigo Bank for the 10 months, showing that its margin is improving.
Bank of Queensland’s market value is currently $4bn, and the view is it is priced at a level that is not appealing for a deal.
General Discussion, page-348
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