True.
Agreed to acquire Suncorp Bank at a purchase price of $4.9 billion, representing a P/E of
13.8x4 pre synergies or 9.3x5 post full run-rate synergies and 1.3x P/NTA
Although they are saying post synergy (take it with a spade of salt) p/e of 9.3x which is slightly better than existing P/E of 9.5x. Immeasurably better than swallowing MYOB.
True. Agreed to acquire Suncorp Bank at a purchase price of $4.9...
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