"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.
asian expansion plans take big hit, page-14
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$28.71 |
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Mkt cap ! $86.14B | |||
| Open | High | Low | Value | Volume |
| $28.88 | $29.05 | $28.50 | $183.8M | 6.409M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3810 | $28.70 |
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| Price($) | Vol. | No. |
|---|---|---|
| $28.71 | 21381 | 1 |
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