"Thats when it would be ripe for a hostile bid...and the ANZ board...what of their future...you answer that"
My answer is very simple - you name me any overseas institution that has the balance sheet capacity to mount such a takeover bid at this present time.
My suggestion is:
Any possible foreign suitor of the size required is caught up in the sub-rime problems and have already tapped the markets just to shore up their balance sheets. Management will be pre-occupied with just trying to get out of their existing operations back on an even keel without the distraction of a take-over.
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