With regulation getting tougher, SPs stalling, will a SUN-BEN tie up be the only way to extract value? Regional banks must be finding the new owner occupier world tough and GI margins might come under pressure given the Berkshire Hathaway interest in IAG bolstering IAG not to mention a resurgent QBE.
A SUN-BEN tie up might make sense
SUN Price at posting:
$14.19 Sentiment: Sell Disclosure: Not Held
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