I wasn't kidding about Westpac....I am actually thinking this...

I wasn't kidding about Westpac....I am actually thinking this could be a very real possibility.

Strong cash flow business
No debt
Excellent reputation and forward contracts
Potential to expand into other states
Trading well below actual valuation
Westpac has a huge IT bill as does St George.
Westpac have increased substantial holding recently.
(WBC direct on market purchase, not Westpac Nominess) Was 5% now 6.62%


Is this a strategic aquisition in progress? DWS doesn't have many shares on issue.