Auswide Bank Ltd (ASX: ABA) Receives Treasurer Approval for MyState Acquisition
Treasurer Approval Secured
Auswide Bank Ltd (ASX: ABA) has successfully obtained approval from the Treasurer for MyState Bank Limited to acquire 100% of the company. This is in line with the proposed scheme of arrangement outlined in the Scheme Booklet released on 23 October 2024. The approval is granted under section 14 of the Financial Sector (Shareholdings) Act 1998 (Cth) and section 63(1) of the Banking Act 1959 (Cth).
Scheme Meeting Scheduled
Auswide shareholders are invited to vote on the acquisition during a meeting scheduled for 3 February 2025 at 11.00am AEDT. The meeting will take place at the Christie Spaces Conference Centre in Brisbane and will also be accessible via an online platform. Participation is encouraged as this vote is critical for the implementation of the Scheme.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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