Hi Troskolo,
If NAB already holds 3.6 - 4%, and is bidding for another 11 - 11.4%, then they will move to the 15% limit imposed under 4 Pillars and under relevant banking legislation. From that point on, they will require PC's approval, as Treasurer, in order to proceed with a bid.
This same scenario applies to any of the 4 domestic majors.
From an FIRB perspective, it is also likely to apply to any prospective foreign bidder, who again would require PC's approval of a bid as being "in the national interest".
In a separate posting, I have addressed your $7.00 question.
i hate to say it but, page-8
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$1.27 |
Change
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Mkt cap ! $3.298B | |||
| Open | High | Low | Value | Volume |
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| 1 | 25175 | $1.27 |
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