I thought ANZ CURRENTLY owns approx 33% of ETrade?
Proposal is to buy the reamining share it does NOT own?
On a risk V's reward play, well obviously we all know what thew downside is..
Cash off at $4.05 (now at $4.25)..if nothing eventuates. (loss of approx 5%)
but upside could be anything up to $5 (bain of approx 18%)
iwl buys stake, page-3
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