May 24 (Reuters) - Westpac Banking Corp (WBC)
- announces BT Investment Management (BTIM) institutional offer
- Westpac banking says fully-underwritten offer of 60 million shares in BT Investment Management to institutional investors
- Offer price range has been set as $10.25 to $10.75 per share
- Following completion of offer, westpac's ownership in btim will reduce from 29% to 10%
- Completion of offer is expected to add approximately 10 basis points to westpac's common equity tier 1 capital ratio
- Westpac banking corp says will sell remaining 10% shareholding in bt investment management in the future
News: WBC Westpac Banking says institutional offer of 60 mln shares in BT Investment Management
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Mkt cap ! $131.5B | |||
| Open | High | Low | Value | Volume |
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