ABA

Tasmania’s MyState proposes $755m merger with Queensland’s Auswide Bank

Tasmania’s biggest bank MyState (ASX: MYS) has entered into a $755 million merger agreement with Queensland-based Auswide Bank (ASX: ABA), in a move expected to benefit customers and shareholders. Under the terms of the proposal, MyState will issue 1.112 new shares for every one share held by Auswide shareholders, implying a 65.9% pro forma ownership […]