Hi Troskolo,
If NAB already holds 3.6 - 4%, and is bidding for another 11 - 11.4%, then they will move to the 15% limit imposed under 4 Pillars and under relevant banking legislation. From that point on, they will require PC's approval, as Treasurer, in order to proceed with a bid.
This same scenario applies to any of the 4 domestic majors.
From an FIRB perspective, it is also likely to apply to any prospective foreign bidder, who again would require PC's approval of a bid as being "in the national interest".
In a separate posting, I have addressed your $7.00 question.
Hi Troskolo,If NAB already holds 3.6 - 4%, and is bidding for...
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$1.13 |
Change
-0.013(1.10%) |
Mkt cap ! $2.915B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.14 | $1.12 | $1.603M | 1.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 325490 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 255499 | 39 |
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