Business
ME Bank closing in on deal with Bank of Queensland, shareholders told – Sydney Morning Herald
Bank of Queensland has into a trading halt as it looks to seal a deal to fully acquire the industry superannuation fund-owned ME Bank.
Sources said while deal talks were at an advanced stage there is no guarantee it will be completed. ANZ Banking Group has also been linked in media reports with a bid for the company.
Its not 100 per cent a done deal. These things take time of course, said one source briefed on the situation who could not speak publicly because the talks are confidential. Banks are somewhat more complicated than normal proprietary limited companies. But its pretty much, its very close to a done deal.
Another source…
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