SGB st george bank limited

arbitrage sgb vs wbc

  1. 93 Posts.
    Currently as I write SGB is at $28.80 and WBC at $22.27

    The MIA if and when merger occurs is 1 SGB = 1.31 WBC.

    Therefore 1 SGB ($28.80) = 1.31 x WBC = $29.17

    Is there any reason why SGB is trading ~ 1.3% cheaper than the equivalent WBC?

    Any thoughts out there?
 
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