Will Suncorp Shareholders Get Anz Shares. ANZ ASX Everything you need to know about the ANZ/Suncorp Bank decision Macquarie, UBS launch ANZ Bank's $3.5b raising ANZ Banking Group shares won't trade until Thursday, allowing time for the group to go cap in hand to shareholders with a $3.5 billion raising. Suncorp Group CEO Steve Johnston said the completion of the sale was a significant strategic milestone and enabled Suncorp as a dedicated insurer to sharpen its focus on the way it delivered insurance to its customers and value for shareholders.
ANZSuncorp merger will take effect on 31 July from www.yourmortgage.com.au
However, the proceeds wont be delivered to shareholders until 2025 The expectation is for ~$4.1bn to be returned to shareholders but the exact amount and special dividend details wont be known until the March quarter of 2025 according to SUN.
ANZSuncorp merger will take effect on 31 July
The Suncorp share price has fallen 8% since it and ANZ announced the $4.9 billion plan for. ANZ shares were largely flat in early trading on Friday, while Suncorp shares jumped by more than 4.5 per cent to $17.58 The sale of Suncorp's banking arm to ANZ Group for $4.9bn was finalised back in July
ANZSuncorp merger Bendigo & Adelaide alternative maligned as shareholders signal preference. Owners of Suncorp Group Ltd (ASX: SUN) shares will likely know of the $4.9bn sale of Suncorp Bank. Suncorp and ANZ are targeting a completion date for the deal of July 31.
ANZ granted approval to acquire Suncorp’s bank Sharecafe. Macquarie, UBS launch ANZ Bank's $3.5b raising ANZ Banking Group shares won't trade until Thursday, allowing time for the group to go cap in hand to shareholders with a $3.5 billion raising. Suncorp Group CEO Steve Johnston said the completion of the sale was a significant strategic milestone and enabled Suncorp as a dedicated insurer to sharpen its focus on the way it delivered insurance to its customers and value for shareholders.