Will Suncorp Shareholders Get Anz Shares

Will Suncorp Shareholders Get Anz Shares. ANZSuncorp takeover Consumers Federation of Australia urges ACCC to quash deal The Australian Suncorp and ANZ are targeting a completion date for the deal of July 31. This approval paves the way for completion of the transaction, which was announced in July 2022, and follows approval from the Australian Competition Tribunal in February 2024 and the passing of legislation by the Queensland government in June 2024 to amend the Metway Merger Act.

Suncorp and ANZ are targeting a completion date of 31. At the time of writing, the banking giant's shares are up 0.5% to $28.42

Big four bank news ANZ buys QLD Suncorp Bank for 4.9b — Australia’s leading news

The capital return will be paid on 5 March 2025, and the fully franked special dividend will be paid alongside the interim ordinary dividend on 14 March 2025. Suncorp and ANZ are targeting a completion date of 31. For ANZ shareholders, however, there will be a silver lining in the form of a blockbuster share buyback or special dividend, after it raised $3.5 billion of capital in 2022 to fund the acquisition.

ANZSuncorp merger a battle with many twists and turns. This approval paves the way for completion of the transaction, which was announced in July 2022, and follows approval from the Australian Competition Tribunal in February 2024 and the passing of legislation by the Queensland government in June 2024 to amend the Metway Merger Act. At the time of writing, the banking giant's shares are up 0.5% to $28.42

ANZ granted approval to acquire Suncorp’s bank Sharecafe. 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. Owners of Suncorp Group Ltd (ASX: SUN) shares will likely know of the $4.9bn sale of Suncorp Bank.