Business Services Industry
Bendigo move means few targets left.
Australasian Business Intelligence, March, 2007
Byline: Eric Johnston
Mar 19, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Adelaide Bank is expected to be the next takeover target in the financial sector. With Bank of Queensland and Bendigo Bank moving towards a $A2.5bn merger and no change expected in Australia's "four pillars" policy, which stops the big four banks joining, there are few other candidates. BankWest, HSBC or St George Bank are possible buyers for Adelaide Bank. GE Money is also believed to be keen to have a bank outlet. Suncorp is concentrating on its merger with Promina but could also buy another bank over the medium term.
Publication Date: 20 March 2007
ADELAIDE BANK LIMITED - ASX ADB
BANK OF QUEENSLAND LIMITED - ASX BOQ
BENDIGO BANK LIMITED -...
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