I'm not sure that's a likely outcome.
Suncorp's market cap is currently $20.40B. Banking arm getting sold for $3.20B still leaving a $17B+ sized company. I'm not sure that QBE with a current market cap of $26B would be looking to pull on a deal of that size in the current business and interest rate environment.
There's also ACCC considerations and whether they would let that deal happen.
It will be interesting to see the market reaction to SUN and what happens to the share price post the sale of the banking arm. I think expectations were that the sale was to be completed by the middle of this year?
I'm not sure that's a likely outcome.Suncorp's market cap is...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SUN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.77 |
Change
0.060(0.36%) |
Mkt cap ! $21.33B | |||
| Open | High | Low | Value | Volume |
| $16.80 | $16.86 | $16.68 | $75.55M | 4.557M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 58876 | $16.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.78 | 19485 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SUN (ASX) Chart |